Azerbaijan first-time to use new technology in its oil sector

Azerbaijan first-time to use new technology in its oil sector

Details added (first version posted on 16:50)

Baku, Azerbaijan, Nov. 5

By Maksim Tsurkov - Trend:

France's oil and gas company Total will for the first time in Azerbaijan implement a project for platform power supply from shore, said Edouard Thibaut, the company's representative.

He made the remarks Nov. 5 at the SPE Annual Caspian Technical Conference and Exhibition in Baku.

Thibaut said the gas and condensate field "Absheron" in the Azerbaijani sector of the Caspian Sea is well positioned for supply of electricity from the shore.

"The platform automatic control system will help reduce the cost of maintenance at sea," he said.

"The field's relatively close proximity to the shore ensures the availability of electricity from a gas processing plant in Sangachal. Thus, "Absheron" is ideal for implementation of the project for power supply from the shore."

The discovery of the "Absheron" field was announced in September 2011. A definitive investment decision on the field is expected to be taken in the last quarter of 2017.

Drilling of a first exploratory well will start at the field in Q3 2019, while the initial gas flow from the field is planned to be obtained in late 2021 or early 2022.

Potential reserves of the "Absheron" field are estimated at 350 billion cubic meters of gas and 45 million tons of condensate. Participants of the project on the "Absheron" field are: SOCAR (40 percent), Total (40 percent), and Gaz De France Suez (20 percent).

Turkey provided invaluable support to Azerbaijan in information war with Armenia - MP
Turkey provided invaluable support to Azerbaijan in information war with Armenia - MP
Volume of lending to construction sector greatly increases in Azerbaijan
Volume of lending to construction sector greatly increases in Azerbaijan
Net profit of Azerbaijani ASB Bank in 1Q2021 decreases
Net profit of Azerbaijani ASB Bank in 1Q2021 decreases
Loading Bars
Latest
Canadian lawmakers call for action from U.S., Canadian leaders in pipeline dispute
Economic outlook is brightening - Fed's Mester
Antibiotics in development not enough to tackle 'superbugs' - WHO
China’s Geely targets slice of premium electric car market with ‘startup’ brand Zeekr
Kazakhstan to create concept for development of creative industries
Italy hikes 2021 budget deficit to 11.8% of GDP: source
Turkey registers more than 61 000 new coronavirus cases
IMF corrects estimate on Iran's foreign exchange bank reserves
Kazakhs Association founded in Japan
Turkey provided invaluable support to Azerbaijan in information war with Armenia - MP
Georgian Co-Investment Fund eyes to implements another energy project
Baku Metro opens tender to buy metal structures
Volume of lending to construction sector greatly increases in Azerbaijan
Net profit of Azerbaijani ASB Bank in 1Q2021 decreases
Azerbaijan eyes starting fish caviar export to Hong Kong in 2021
Aggregate capital of Azerbaijani ASB Bank grows
Georgia's Silknet maintains strong cash balance in 2020
Armenia confuses history with mythology again - Azerbaijani Foreign Ministry
Azerbaijani president congratulates president of Djibouti
Turkey leads among countries investing in Azerbaijan's non-oil sector (PHOTO)
Museums like War Trophy Park in Baku, open in many countries - Russian historian
Russia ready to assist in normalization of relations between Azerbaijan, Armenia
Azerbaijan has great opportunities for wind energy dev't - expert
Azerbaijani Foreign Ministry responds to statement of OSCE MG co-chairs
National Bank of Georgia sees decrease in international reserves
Various types of fabrics exported to Turkmenistan from EAEU countries
Kazakhstan's KMG Engineering to buy pump-compressors via tender
1Q2021 assets of Azerbaijan Industry Bank slightly down
Turkmenistan Railways opens tender for installation of surveillance cameras
Kazakhstan’s telecommunications operator to pay dividends for 2020
Kazakhstan’s Kazatomprom sells its solar energy subsidiary
Azerbaijan, Belarus discuss military-technical cooperation prospects
Passenger traffic in Georgia slowly getting back on track
Zangazur corridor to create single economic space between Turkey, Azerbaijan - expert
Kazakhstan considers standardized license agreement with EAEU members
Uzbekistan considering restoring air communication with Azerbaijan
Precious metals production down in Kazakhstan
Azerbaijan discloses number of COVID-19 vaccinated citizens
Italian senator: Why Armenia destroyed Aghdam if it considered it to be its own? (PHOTO)
Volume of wheat flour exports from EAEU to Turkmenistan revealed
Azerbaijan's 1Q2021 pharmaceutical retail turnover grows
Money transfers to Georgia up in March 2021
New IRTI Report Highlights Progress of IsDB Member Countries Towards SDGs
Spain eyes new projects in Azerbaijan’s petrochemical sector – ministry
Spanish companies show interest in Azerbaijan’s renewable energy projects – ministry
Azerbaijan's 2M2021 foreign trade turnover figures published
Azerbaijan names 1Q2021 revenues from retail trade in gasoline, diesel fuel
Citigroup profit triples on $3.85 billion reserve release
India fast-tracks approval for foreign vaccines
Azerbaijan confirms 2,317 more COVID-19 cases, 2,109 recoveries
Study shows Indians among most optimistic about early return to pre-Covid normal
India, France Can Assume Leadership Role In Run-Up To COP26: French Minister
Path Of Future World Order Will Be Set In Indo-Pacific Region: EU Council President
Azerbaijani PASHA Bank's profit surges in 1Q2021
Turkey sees decline in number of real estates bought by Azerbaijani citizens in 1Q2021
Turkmenistan increases potato imports from EAEU
Opening of Zangazur corridor to expand Azerbaijan's transit potential, says expert
Georgia sees increase in subsistence minimum
Volume of obligations of Azerbaijan’s PASHA Bank in Q1 2021 increases
OSCE Minsk Group took no concrete steps to resolve Karabakh conflict, says Azerbaijani MP
Zangazur corridor cannot be unblocked without Turkey’s agreement, participation - President Aliyev
Turkish ministry issues data on cargo shipment via Iskenderun port for Jan. through Feb. 2021
Shell proposes guidelines for achieving net-zero emissions in EU
Until last days, Pakistan was always on our side - Azerbaijani president
Turkey, Uzbekistan, UAE lead in dried fruit export to Georgia
Karabakh will generate lot of GDP in non-energy sector of our economy, also transportation - President Aliyev
Our international efforts in region led to creation of new formats of cooperation - President Aliyev
EBRD committed to financing renewable energy projects in Kazakhstan
Georgia's banking system remains large relative to size of its economy - Moody
We will do everything if Armenia has positive signals for us to try to build connections - President Aliyev
Moody's sees low risk stemming from waste and pollution issues in Georgia
Putin reaffirms Russia’s support for Lebanon’s sovereignty
Georgia benefits from favorable debt structure - Moody
Tipalti buys Approve.com in all-Israeli fintech merger
“The Guardian” must refute defamatory article about New Azerbaijan Party
Iran's trade turnover with Qatar drops
UK job ads and restaurant bookings rebound as lockdown eases
Turkey issues data on volume of crude oil shipment via local ports from Jan. through Feb. 2021
Iran can enrich uranium to high degree – President Rouhani
Shell to raise share of has in hydrocarbon output to 55%
Kazakhstan set up task force to develop local investment management system
Production of catalysts for Iran’s petrochemical sector launched
Data on cotton yarn sales on Turkmen exchange in March 2021 revealed
Bank of America profit more than doubles on reserve release boost
Group of journalists visit Azerbaijan’s Aghdam district (PHOTO)
Russian company to supply big batch of agricultural machinery to Azerbaijan
Shell targets 2-3% reduction in carbon intensity this year
Iran’s PMO unveils volume of cargo loaded, unloaded in Fereidoonkenar port
2M2021 volume of stone coal shipment via Turkish ports disclosed
Data on shipment of goods across Turkish Antalya port from January through February 2021 disclosed
Graduate of Baku Higher Oil School marries Pakistani student from same university (PHOTO)
Data on cargo movement through Turkey's Gemlik port revealed
Turkey's steel exports to China surge
Turkey’s activity on Turkmen commodity and raw materials exchange in March 2021
Iran reveals COVID-19 data for April 15
Azerbaijan announces commissioning date for 'Victory Road' to liberated Shusha (PHOTO)
Revenues of Georgian Silknet mobile operator down
Iran’s Bahar Azadi gold coin price falling
Value of Iran's import of Turkish chemicals notably up
Azerbaijan improving access of entrepreneurs to insurance services
All news