TotalEnergies takes FID on Absheron full-field development in Azerbaijan, targets 6 BCMA gas output

Bitget2026/09/26 11:38

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TotalEnergies took FID with SOCAR, XRG for Absheron full-field development in Azerbaijan’s Caspian Sea; TotalEnergies holds 35% and operates.
Project lifts Absheron production to 6 BCMA of gas, 47,000 bpd of condensate; start-up targeted for 2029.
Gas slated for Azerbaijan’s domestic market, exports to Turkey via existing links into the European gas market.
Field holds about 140 billion cubic meters of recoverable gas; first phase started in 2023 at 1.5 BCMA.
Development designed for low emissions; scope 1 and 2 intensity below 4 kg CO2e/boe.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TotalEnergies SE published the original content used to generate this news brief via Business Wire (Ref. ID: 202609260738BIZWIRE_USPR_____20260926_BW705230) on September 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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TotalEnergies takes FID on Absheron full-field development in Azerbaijan, targets 6 BCMA gas output

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