TotalEnergies Balances Bold Absheron Investment with Venus Oil Delay

TotalEnergies balances bold Absheron investment with Venus oil delay

TotalEnergies has announced a final investment decision (FID) for the full-field development of the Absheron gas project in Azerbaijan, while the timing for the multibillion-dollar Venus oil development in Namibia remains unresolved in its latest global strategy. The French energy major’s Strategy and Outlook presentation, released on Monday, highlights Namibia among six key countries expected …

Absheron partners sanction full-field development of Caspian Sea gas field

All production to head directly to new onshore plant via subsea wells.

TotalEnergies, partners approve full-field development of Absheron gas field

TotalEnergies and its partners took a final investment decision to develop the Absheron gas and condensate field in the Caspian Sea, about 100 km southeast of Baku. TotalEnergies operates the field with a 35% interest, alongside SOCAR at 35% and XRG at 30%. Gas from the Absheron Full Field Development will come from four subsea …

TotalEnergies Approves Absheron Field Development

PARIS, Sept 28 — TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) (35%, operator), together with its partners SOCAR (35%) and XRG (30%), have taken the Final Investment Decision (FID) for the Full Field Development of the Absheron gas and [...]

TotalEnergies advances another major offshore gas project

French giant TotalEnergies, along with its partners SOCAR and XRG, has made the final investment decision to fully develop the Absheron gas and condensate field in the Caspian Sea. Located 100 km southeast of Baku, the Absheron field holds approximately 140bn cu m of recoverable gas reserves. The first development phase, with a production capacity …