Gas reserves in Absheron offshore field

Gas reserves in Absheron offshore field French oil company Total has confirmed the presence of large gas reserves in the “Absheron” offshore field in the Azerbaijani sector of the Caspian Sea. According to Total, the results of the first exploration well indicate the presence of natural gas and condensate in volumes of 150-300 billion cubic meters in the northern part of the field. A lateral hole in the northern part of the structure is... Read More

Azerbaijan’s proven energy reserves

Azerbaijan’s proven energy reserves Azerbaijan’s proven hydrocarbon reserves are estimated at 4.5 billion tons of equivalent fuel, head of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said in Baku on Tuesday during a forum on the building of a new complex for oil and gas processing and petrochemical production in Azerbaijan. “Azerbaijan’s forecasted hydrocarbon reserves are estimated at 10 billion tons of... Read More