BAKU, Azerbaijan, March 6. Since the start of the production from the Absheron field in Azerbaijan within the Early Production Scheme (EPS) in July 2023 until the end of 2023, 2.263 Mbbl of condensate and 762.2 Mscm of gas have been produced, JOCAP (Joint Operating Company of Absheron Petroleum), told Trend.
“Since July 2023, production from the ABD-001 well ramped up very effectively, resulting in an operational efficiency of over 95 percent,” the company said.
The Absheron field is located offshore Azerbaijan in the Caspian Sea in 500m depth of water, about 100km southeast of Baku, 25km north east of the Shah Deniz field and 33km south of Oil Rocks production and processing facilities.
In 2009, SOCAR and Total signed an Agreement on Exploration, Development and Production Sharing in the Absheron Offshore block in the Azerbaijan Sector of the Caspian Sea. According to this Agreement, SOCAR and Total had an equal share of 50 percent.
The Absheron EPS project consists of a single well (ABD-001) connected to SOCAR operated Oil Rocks facilities. The operatorship of the Absheron EPS is the responsibility of a Joint Operating Company of Absheron Petroleum named JOCAP, owned by SOCAR Absheron (35 percent), TotalEnergies EP Absheron B.V. (35 percent), and ADNOC International Project Co 1 RSC Limited (30 percent).
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