TotalEnergies takes FID on Absheron full-field development, lifting output to 6 BCMA by 2029

Bitget2026/09/28 06:07

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TotalEnergies took final investment decision on full-field development of Azerbaijan’s Absheron gas-condensate field with SOCAR, XRG.
Project targets output of 6 BCMA of gas, 47,000 bpd of condensate; start-up expected in 2029.
Absheron holds about 140 billion cubic meters of recoverable gas reserves; first phase began production in 2023.
Volumes slated for Azerbaijan’s domestic market, exports to Turkey via existing infrastructure linked to the European gas market.
TotalEnergies holds 35% as operator; SOCAR holds 35%; XRG holds 30%.

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: 202609280200BIZWIRE_UKPR_REG_20260926_BW366941) on September 28, 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, lifting output to 6 BCMA by 2029

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