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Shafag-Asiman Offshore Gas Field Partnership

Sector: Natural Gas • Location: Baku, Azerbaijan

Source: Daily Sabah

Project
Planned

Türkiye's state energy company TPAO is joining the Shafag-Asiman offshore natural gas field in the Caspian Sea as a partner with Azerbaijan's SOCAR and British energy giant BP. The partnership involves a gas production-sharing agreement to enhance joint production in Azerbaijan. The field is located 125 kilometers southeast of Baku at a depth of 650-800 meters, with the first exploration well dril

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The project “Shafag-Asiman Offshore Gas Field Partnership” is an infrastructure initiative in the Natural Gas sector, located in Baku, Azerbaijan. Taiyo aggregates data on it from Daily Sabah.

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Description

Description

Türkiye's state energy company TPAO is joining the Shafag-Asiman offshore natural gas field in the Caspian Sea as a partner with Azerbaijan's SOCAR and British energy giant BP. The partnership involves a gas production-sharing agreement to enhance joint production in Azerbaijan. The field is located 125 kilometers southeast of Baku at a depth of 650-800 meters, with the first exploration well drilled in 2020. Türkiye has acquired a 30% stake in the project and aims to begin production.

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