Absheron gas field

According to the agreement, contractors conducted three seismic studies of 634 square kilometres (245 sq mi) of the block and drilled an exploration well in its southern section at a depth of 520 metres (1,710 ft).

[4] In 2001, gas condensate beds were found on the depth of 6,500 metres (21,300 ft);[5] however, these reserves were estimated as commercially unprofitable and Chevron quit the project in December 2005.

[6] The agreement which oversaw drilling of three exploration wells within the next three years was ratified by Azerbaijani Parliament in mid May, 2009.

[10] The discovery of vast gas reserves at Absheron field will positively affect the job market in Azerbaijan and significantly boost the Azerbaijani economy.

[11] According to experts, Nabucco project may be realized on the basis of Azerbaijani gas alone if this find is exploited properly by Total, which also holds a 10% stake in South Caucasus Pipeline Consortium.