Total: “Success of Absheron field may allow us to participate in other projects”

Total: “Success of Absheron field may allow us to participate in other projects”
# 08 January 2015 11:00 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. Success of the Absheron Gas Field may allow French Total Company to participate in other offshore projects in Azerbaijan, Denis Lemarchal, Managing Director & Chief Representative in Azerbaijan at Total said in his interview to The Business Year magazine.

According to him, the operation in Azerbaijan is limited for the time being: “However, the Absheron prospects are very good. It is a major project with a significant investment. If we succeed in creating a good development plan that will be approved by SOCAR for Absheron, then the logic will be to continue with other phases of Absheron and with other offshore developments”.

Denis Lemarchal said that the company’s main activity for 2014 has been preparing the development program to be submitted to SOCAR by mid-2015.

Speaking about the major preparations that need to be done in order to reach the objective of starting gas production at Absheron by 2021, he said: “We have several axis. One is drilling rig development, as there is a shortage of rigs here. SOCAR realized that some time ago and decided to construct a new rig, which should be available in early 2017. One way to accelerate drilling would be to use this rig because it would avoid having to wait for the second rig, which the construction on is not decided yet. There is another possibility of accelerating the schedule of our project by using the oil and gas processing and petrochemical complex (OGPC) facilities”.

He noted that the objective is to become an important player in oil and gas operations in Azerbaijan: “We have Absheron, and hopefully we will have other opportunities in the future to move in this direction”.

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