TotalEnergies takes FID on Absheron full-field development, lifting output to 6 BCMA by 2029
Bitget2026/09/28 06:07- TotalEnergies took final investment decision on full-field development of Azerbaijan’s Absheron gas-condensate field with SOCAR, XRG.
- Project targets output of 6 BCMA of gas, 47,000 bpd of condensate; start-up expected in 2029.
- Absheron holds about 140 billion cubic meters of recoverable gas reserves; first phase began production in 2023.
- Volumes slated for Azerbaijan’s domestic market, exports to Turkey via existing infrastructure linked to the European gas market.
- TotalEnergies holds 35% as operator; SOCAR holds 35%; XRG holds 30%.
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