{"id":"absheron-tam-saha-yatirim-karari-2026","canonicalSlug":"partners-take-final-investment-decision-on-absheron-full-development","url":"https://wellficent.com/en/news/partners-take-final-investment-decision-on-absheron-full-development","language":"en","title":"Partners take final investment decision on Absheron full development","summary":"The Azerbaijani project also envisages gas exports to Türkiye.","body":["TotalEnergies, SOCAR and XRG announced final investment approval for Absheron full-field development on September 26. Start-up is expected in 2029, with total field gas output targeted at 6 billion cubic metres annually.","Plans include four subsea wells and a new onshore processing plant. Gas will serve Azerbaijan’s domestic market and Türkiye. The additional capacity is not operational; the initial phase has produced since 2023.","TotalEnergies gives the partners’ interests as 35% for itself, 35% for SOCAR and 30% for XRG. It estimates approximately 140 billion cubic metres of recoverable gas reserves at Absheron. That reserve estimate and the 6 billion cubic metres per year production target measure different things: one is an estimated recoverable stock, the other a targeted annual flow.","The existing first phase came on stream in 2023, with capacity for 1.5 billion cubic metres of gas annually and 12,000 barrels of condensate per day. Full-field development targets total field output of 6 billion cubic metres of gas and 47,000 barrels of condensate per day. The 2029 figures therefore describe expected field-wide output if the expansion is completed, not current production.","Four subsea wells, a subsea pipeline and a new fully electrified onshore processing plant form part of the design. Gas is intended for Azerbaijan’s domestic market and export to Türkiye through existing infrastructure. TotalEnergies also targets Scope 1 and 2 emissions intensity below 4 kilograms of CO2 equivalent per barrel of oil equivalent. These are project expectations from the company, not observed operating performance before start-up.","The approved expansion follows a producing first phase that began in 2023."],"keyPoints":[],"sections":[],"text":"Partners take final investment decision on Absheron full development\n\nThe Azerbaijani project also envisages gas exports to Türkiye.\n\nTotalEnergies, SOCAR and XRG announced final investment approval for Absheron full-field development on September 26. Start-up is expected in 2029, with total field gas output targeted at 6 billion cubic metres annually.\n\nPlans include four subsea wells and a new onshore processing plant. Gas will serve Azerbaijan’s domestic market and Türkiye. The additional capacity is not operational; the initial phase has produced since 2023.\n\nTotalEnergies gives the partners’ interests as 35% for itself, 35% for SOCAR and 30% for XRG. It estimates approximately 140 billion cubic metres of recoverable gas reserves at Absheron. That reserve estimate and the 6 billion cubic metres per year production target measure different things: one is an estimated recoverable stock, the other a targeted annual flow.\n\nThe existing first phase came on stream in 2023, with capacity for 1.5 billion cubic metres of gas annually and 12,000 barrels of condensate per day. Full-field development targets total field output of 6 billion cubic metres of gas and 47,000 barrels of condensate per day. The 2029 figures therefore describe expected field-wide output if the expansion is completed, not current production.\n\nFour subsea wells, a subsea pipeline and a new fully electrified onshore processing plant form part of the design. Gas is intended for Azerbaijan’s domestic market and export to Türkiye through existing infrastructure. TotalEnergies also targets Scope 1 and 2 emissions intensity below 4 kilograms of CO2 equivalent per barrel of oil equivalent. These are project expectations from the company, not observed operating performance before start-up.\n\nThe approved expansion follows a producing first phase that began in 2023.","category":"energy","region":"world","topics":[],"eventDate":"2026-09-26","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-02T16:46:43+03:00","modifiedAt":"2026-10-02T22:45:11+03:00","publicationBasis":"first-publication","preparedAt":null,"sourcePublishedAt":null,"translatedAt":null,"sources":[{"name":"TotalEnergies","url":"https://totalenergies.com/newsroom/azerbaidjan-totalenergies-annonce-la-decision-finale-dinvestissement-du-developpement-full-field-dabsheron-501076/?lang=eng","checkedAt":"2026-10-02"}],"translations":{"en":"https://wellficent.com/en/news/partners-take-final-investment-decision-on-absheron-full-development","tr":"https://wellficent.com/tr/news/partners-take-final-investment-decision-on-absheron-full-development","ar":"https://wellficent.com/ar/news/partners-take-final-investment-decision-on-absheron-full-development","fr":"https://wellficent.com/fr/news/partners-take-final-investment-decision-on-absheron-full-development","es":"https://wellficent.com/es/news/partners-take-final-investment-decision-on-absheron-full-development","ru":"https://wellficent.com/ru/news/partners-take-final-investment-decision-on-absheron-full-development","pt":"https://wellficent.com/pt/news/partners-take-final-investment-decision-on-absheron-full-development"},"corrections":[{"at":"2026-10-02T22:45:11+03:00","language":"en","text":"Expanded with partner shares, production targets and phase distinctions from TotalEnergies' official release; added French and Spanish editions."}],"locations":[]}