TotalEnergies has commenced production from the phase 1 development of the Absheron gas and condensate field in the Caspian Sea, off the coast of Azerbaijan.
The French company is partnered with the State Oil Company of the Republic of Azerbaijan (SOCAR) in the offshore project, located nearly 100km south-east of Baku.
Both companies own a 50% stake in the Absheron gas and condensate project, which is operated by their joint company, Joint Operating Company of Absheron Petroleum (JOCAP).
Located in the Absheron archipelago of the South Caspian oil and gas basin, the Absheron field has a production capacity of four million cubic meters of gas per day and 12,000 barrels a day of condensate.
The offshore Azerbaijani field is estimated to hold 350 billion cubic meters of natural gas and 45 million tons of condensate.