BAKU, Azerbaijan, January 30. Condensate production at Azerbaijan’s Absheron gas field is forecasted to stand at 4.28 million barrels in 2025, a decrease of 1.6% compared to the estimated 4.35 million barrels in 2024, Trend reports referring to projections from the Chamber of Accounts.
Compared to 2023, when production stood at 2.20 million barrels, the forecasted output for 2025 shows an increase of 94.5%.
The Absheron field is located on the Caspian Sea shelf, 100 kilometers southeast of Baku and 25 kilometers northeast of Shah Deniz. The field area is about 270 square kilometers, and gas reserves are estimated at 350-400 bcm.
Gas and condensate production from Absheron has been carried out since July 2023 by the operating company JOCAP on the basis of an early production project from one deepwater well.
Under an agreement with the partners, SOCAR purchases this gas, and the condensate goes to the Baku-Tbilisi-Ceyhan pipeline.
Full-scale development of Absheron will allow the field to produce up to 6 bcm of gas per year at its peak.
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