Khoshbakht Yusifzade: Azerbaijan’s gas reserves exceeded 2.5 trillion cubic meters

The discovery of large gas field in Absheron deposit in the Azerbaijan sector of the Caspian Sea will increase gas resources of the country, first vice-president of SOCAR Khoshbakht Yusifzade said.

To him, potential reserves are 350 billion cubic meters of gas and 45 million cubic meters of condensate. Accordingly, the proven gas reserves of Azerbaijan increased from 2.2 trillion to 2.550 trillion cubic meters.

Moreover, gas reserves in Babak structure are equal to 400 billion cubic meters, Umid - 200-300 billion cubic meters. At the same time, Asiman, Shafag, Nakhchivan and etc structures will increase gas balance of the country.

Note that, French Total energy company made a statement on discovery of a big gas field in Absheron structure, located in the Azerbaijani sector of the Caspian Sea. Absheron structure is situated 100 km south-east from Baku and in 6,550 m depth. Absheron deposit was discovered in 1960s by Azerbaijani geologists.

Total’s subsidiaries – Total EP Absheron participates in development of this structure jointly with SOCAR (40%) and GDF SUEZ (20%).

First gas in Absheron structure, located in the Azerbaijani sector of the Caspian Sea is expected to produce in 2020-2022, Yusifzadeh said.

Touching upon the current problems related to drilling rigs, Yusifzadeh said that works were being carried out for elimination of these problems: “The talks are conducted on purchase and construction of the rigs. In such cases, we will get first gas from Absheron structure in 2020-2022. If the platform is built on that point, we will be able to expedite the process for another 5 years”.

Note that, French Total energy company made a statement on discovery of a big gas field in Absheron structure, located in the Azerbaijani sector of the Caspian Sea. Absheron structure is situated 100 km south-east from Baku and in 6,550 m depth. Absheron deposit was discovered in 1960s by Azerbaijani geologists.

Total’s subsidiaries – Total EP Absheron participates in development of this structure jointly with SOCAR (40%) and GDF SUEZ (20%).


/APA/