Baku, Azerbaijan, Nov.5
By Emil Ismayilov - Trend:
The SOCAR company (State Oil Company of Azerbaijan) and French Total established a working group, which intends to solve complex issues within the framework of development of Absheron Azerbaijani gas condensate field, a senior official of SOCAR told reporters Nov.5.
He said that the working group is discussing the issue of construction and use of a new rig, the possibility of cooperation within the framework of a new complex for the processing of oil and gas and petrochemical production, as well as the export operations (creation of the necessary capacities of the gas transmission infrastructure, tariffs and other issues).
"We have to decide a set of issues with Total, which is the operator of the Absheron project," said the representative of SOCAR. "With this in mind, a joint working group has been set up."
The discovery of the large Absheron natural gas field in the Azerbaijani sector of the Caspian was announced in September 2011, following the drilling of an exploration well.
The field's potential reserves amount to 350 billion cubic meters of gas and 45 million metric tons of condensate.
The participants of the Absheron project include SOCAR with a share of 40 percent and French company Total with 40 percent and Gaz De France Suez with 20 percent.