Name of the Project
Absheron gas and condensate field project.

Location
The project is located off the shore of Azerbaijan, in the Caspian Sea.

Client
Total is the operator of Absheron, with a 40% interest alongside Socar (40%) and ENGIE (20%).

Project Description
The development involves the drilling of one well at a water depth of 450 m.

Production from this high-pressure field will be about 35 000 bbl/y of oil equivalent, including a significant portion of condensate.

The produced gas will supply Azerbaijan’s domestic market.

The first phase of production will also enable a dynamic appraisal of the field for future phases.

Jobs to be Created
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
Total and Socar, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for the first phase of production of the Absheron gas and condensate field.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Total, tel +33 1 47 44 58 53, fax +33 1 47 44 58 24 or email presse@total.com.