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Full field development of Absheron offshore block is under study - JOCAP (PHOTO)

Oil&Gas Materials 27 May 2022 13:03 (UTC +04:00)
Full field development of Absheron offshore block is under study - JOCAP (PHOTO)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, May 27. The Full Field Development of Absheron Offshore Block is under study, with several concepts being currently assessed, JOCAP, the Joint Operating company of the Absheron field on behalf of Contractor Parties SOCAR Absheron and TOTAL E&P Absheron BV, told Trend.

“Subsea umbilical has been completely surveyed and secured. Next campaign will consist in tie ins of the umbilical to the subsea wellhead. In order to accommodate the Absheron production, Azneft PU conducts repair works in some facilities (storage tanks, pathway, etc.). Tie- in works consist of new piping and electrical power cable (6 kV) installation inside the existing Azneft facilities, connecting the new platform with the Azneft plant,” said the company.

Exploration, Development and Production Sharing Agreement for Absheron Perspective Structure was signed on February 27, 2009.

Contractor parties: SOCAR Absheron (50 percent) and TOTAL E&P Absheron B. V. (“TEPAb”) (50 percent). The Absheron project’s operator is JOCAP effective from 1st August 2018. JOCAP (Joint Operating Company of Absheron Petroleum B. V. ) is a non-profit Joint Operating Company established and equally owned by partners SOCAR Absheron and TEPAb for the development and production of the Absheron offshore block in full compliance with the Exploration, Development and Production Sharing Agreement for the Absheron offshore block in the Azerbaijani sector of the Caspian Sea signed between SOCAR, SOCAR-Absheron and TEPAb.

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