On 26 September, TotalEnergies, Socar and Adnoc’s international investment arm XRG announced that they had taken final investment decision on the second phase development of the offshore Absheron gas field in Azerbaijan. TotalEnergies operates the field with a 35% stake alongside XRG (30%) and Azerbaijan state energy firm Socar (35%).
Phase 2 will raise Absheron gas production capacity from 150mn cfd to 600mn cfd, and condensate output from 12,000 b/d to 47,000 b/d. It is due to start up in 2029. (CONTINUED - 833 WORDS)
