It is located 90 kilometres (56 mi) south of Baku, at a depth of 400–600 metres (1,300–2,000 ft).

In 1997, ExxonMobil and the State Oil Company of Azerbaijan Republic (SOCAR) signed a contract for the exploration of the field; however, this contract was later terminated due to the absence of significant reserves.

[1][2] On 10 March 2010 it was reported that the German oil company RWE Dea signed a memorandum with SOCAR for developing the field.

[1][2][3] According to preliminary government estimates, the Nakhchivan field may contain up to 300 billion cubic meters of natural gas and 40 million tonne of natural gas condensate.

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