SOCAR: Geophysical works in Absheron structure revealed large gas reserves here
â€In the near future, here will be built a pipeline, after which the wells may be deepened to 200-300 metersâ€.
Note that, the French oil company Total has discovered a large gas field in the Azerbaijani sector of the Caspian Sea of Absheron block. The well is located at a depth of 6550 meters. Absheron block is located 100 kilometers from Baku. Extraction of the first gas unit in Absheron in Azerbaijani sector of the Caspian Sea will be in 2020-2022 years. But if there is set a fixed platform, it is for five years to speed up the production of gas from the field.
Total owns 40% of the project, another 40% in the State Oil Company of Azerbaijan (SOCAR), 20% - GDF SUEZ company.
Industry and Energy
Azerbaijan announces value of electricity, gas and steam production
Azerbaijani oil trades at $116 per barrel
Cargo transportation in Azerbaijan increases by 3%
Wind power plants in Azerbaijan increase electricity generation more than 27-fold - TABLE
NEWS FEED
Man shot and killed inside New York City subway station in Midtown Manhattan: NYPD
Moscow mayor says nearly 200 Ukrainian drones destroyed while heading for city
Trump accused Biden of handing over huge amount of weapons to Kyiv for free
19 people detained for attempting to incident among fans during Qarabag–Neftchi match
Azerbaijan marks 35 years since restoring independence
Azerbaijan marks 6th anniversary of Khudaferin village's liberation
US President expects gasoline prices to fall after the war with Iran ends
Macron promised to punish those responsible for violence during protests in France
Bayern Munich thrashed Leipzig 6-1 in a German championship match
Trump: 'Amazing' Canada deal coming at some point
Barcelona thrashed Betis thanks to Rodri's debut goal
Iran and Pakistan temporarily suspended border crossings
Kenya’s Ebola cases rise to 7, including health workers who cared for the first patient
Match between Azerbaijani football clubs Neftchi and Qarabag ends with draw
Merz warns of serious political rift in Germany
Clashes on Pakistan-Afghanistan border leave fatalities
Sounds of explosions heard in southern Iran, near Strait of Hormuz
Galatasaray beat Genclerbirligi, Batrakov played the entire match
French police clash with protesters as tens of thousands rally over cost of living
Former White House press secretary calls working with Trump honor after leaving
Pope Leo XIV discharged from hospital - UPDATED
Hurricane Trudy threatens western Mexico with heavy rain, coastal flooding
Fire destroys over 200 shacks in S. Africa's KwaZulu-Natal
At least 10 killed in fire at Bangladesh beach resort
Houthis release 159 prisoners affiliated with Yemeni government
Tear gas, clashes hit French cities in cost-of-living protests
Protest held in Kyiv demanding Klitschko's resignation
Iranian FM: We have proposed seven-day plan to US to reopen Strait of Hormuz, choice is theirs
Fuzuli City Day celebrated - PHOTO
Zelenskyy believes US will continue lifting sanctions against Russia
Azerbaijan's President awards Sharaf Order to Valeh Alasgarov
Next phase of “Falcons Meet – 2026” exercise conduct training flights - VIDEO
Two dead, three injured in car accident in Azerbaijan's Bilasuvar
Azerbaijan plans to resettle residents in two Fuzuli villages by year-end
NATO training course concludes in Baku - VIDEO
Egypt’s Sisi says presidential term will end in 2030, rules out constitutional changes
Mayor: Air defense systems shoot down 144 Ukrainian drones approaching Moscow overnight
Zelenskyy expresses regret over Trump's decision to suspend new sanctions against Russia
5.2-magnitude quake hits Off Coast of Ecuador - GFZ
Azerbaijan announces value of electricity, gas and steam production
Eight dead in W. India road mishap
Former Ukraine national team footballer killed in war
One killed, another injured in Ukrainian drone attacks on Belgorod
Azerbaijani oil trades at $116 per barrel
Cargo transportation in Azerbaijan increases by 3%
US citizen wanted over $1 billion cryptocurrency fraud detained in Türkiye
Number of passengers transported by buses and taxis increases in Azerbaijan this year
Wind power plants in Azerbaijan increase electricity generation more than 27-fold - TABLE
Gold trades below $4,200 on commodity markets
Honorary authors of 12th Baku International Book Fair announced