Gas production in Absheron field to start in 2020

Gas production in Absheron field to start in 2020
# 30 December 2012 10:55 (UTC +04:00)

Baku. Ali Ahmedov – APA-Economics. Gas production in Absheron field will start in 2020, said the President of State Oil Company of Azerbaijan Rovnag Abdullayev.

Abdullayev says potential of natural gas export will reach 25 bcm in 2020, 40 bcm - in 2025.

Executor consortium of Absheron perspective structure (SOCAR – 40%, Total – 40%, Gaz de Frans Suez – 20%) released review on exploratory and commercial expediency on field in July. The results indicated that field has 150-300 bcm of natural gas.

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THE OPERATION IS BEING PERFORMED