Front end engineering design (FEED) work for the Absheron Development Phase 2 project has kicked off, according to the Trend News Agency of Azerbaijan.
TotalEnergies is aiming to finalize the full-scale development plan and prepare for a final investment decision (FID) within 2025, an official with the Baku office of TotalEnergies reportedly told the news agency.
The Absheron field is located on the Caspian Sea shelf, 100 km southeast of Baku, Azerbaijan, and 25 km northeast of the Shah Deniz project. The field is owned by Abu Dhabi National Oil Company (ADNOC), State Oil Company of the Azerbaijan Republic (SOCAR) and TotalEnergies.
The field is operated by Joint Operating Company of Absheron Petroleum, which is owned equally by TotalEnergies and SOCAR.
Phase 1 of the Absheron development was placed into service in July 2023 with production of 1.5 Bcm/year and 12,000 bbl/d of condensate.
Phase 2 is expected to include the construction of a new large fixed platform, with production expected to start in 2028.
