TotalEnergies, SOCAR and XRG have taken the Final Investment Decision (FID) for the full-field development of Azerbaijan’s Absheron gas and condensate field in the Caspian Sea.
The project will increase total Absheron production from the current 1.5 bcm/year of gas and 12,000 bpd of condensate to 6 bcm/year of gas and 47,000 bpd of condensate, with start-up targeted for 2029. The field has around 140 bcm of recoverable gas reserves.
Gas will supply Azerbaijan’s domestic market and be exported to Turkey through existing infrastructure. The development will use four subsea wells and a new fully electrified onshore processing plant, with greenhouse-gas intensity expected below 4 kg CO₂e/boe.