Total Hits Gas Pay in Caspian
Total has made a major gas discovery in the Absheron X-2 well in the Caspian Sea. The well encountered more than 500 feet (152 meters) of accumulated net gas pay within high-quality sands on the northern flank of an area in the Absheron Block.
Total said that the reservoir should extend over the entire northern part of the structure, with the well’s first results confirming a potential amount of several trillion cubic feet of gas and related condensates. Current depth of the well is about 21,490 feet (6,550 meters) and drilling will continue to explore deeper objectives. Total will then examine the well to confirm the reservoir’s capacity.
Absheron is located in 1,640 feet (500 meters) of water about 62 miles (100 kilometers) southeast of Baku, roughly 16 miles (25 kilometers) northeast of the Shah Deniz gas and condensate field. Total operates the block with a 40% equity; SOCAR with 40%; and GDF Suez with 20%.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.