Total Finds Gas Offshore Azerbaijan

摘要

Total announced Sept 9 that it has made a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan. The Absheron X-2 well has encountered more than 500 feet of cumulated net gas pays within high quality sands on the northern flank of a major 270 sq km structure. "This discovery could be very significant in terms of resources," said Total's senior vice president of exploration, Marc Blaizot. First results indicate a potential of several trillion cubic feet of gas and associated condensate, he reported.The discovery is expected to help development of the Nabucco pipeline. According to EurActiv.com, construction of the 2,050-mile, 56-inch Nabucco pipeline is scheduled to commence in 2013. The line is expected to transport annually 31 billion cubic meters per year (3 billion cubic feet per day) to Europe over the next 50 years.