ID :
206277
Fri, 09/09/2011 - 15:49
Auther :

Major gas field discovered in Azerbaijan

Azerbaijan, Baku, Sept. 8 / Trend /
Partners on exploration and development of the "Absheron" prospective structure in the Azerbaijani sector of the Caspian Sea announced the discovery of the largest natural gas field with reserves of several trillion cubic feet of gas and associated condensates, Total reported.
Participants in Absheron are SOCAR (40 percent), Total (40 percent) and Gaz De France Suez (20 percent).
The contract on the Absheron Field was signed on Feb. 27, 2009 between SOCAR and Total. Later Total sold 20 percent of its equity participation to Gaz De France Suez.
The first exploration well was drilled from the Heydar Aliyev drilling rig, operated by the Danish Maersk Drilling Company.
The Absheron bloc is located about 100 kilometers from Baku at a depth of 500 meters.

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