The Absheron gas-condensate field, situated in the Azerbaijani sector of the Caspian Sea, approximately 100 kilometers southeast of Baku, has started production under the Early Production Scheme (EPS) phase.

This stage involves the connection of the subsea production well to a new gas processing platform, which is linked to SOCAR's existing facilities at the Oil Rocks. The EPS phase has a production capacity of 4 million cubic meters of gas and 12 thousand barrels of condensate per day. The gas is expected to be sold in the domestic market of Azerbaijan.

The project is a joint venture between SOCAR and TotalEnergies, with each company holding a 50% stake. The management of the project is overseen by JOCAP (Joint Operating Company of Absheron Petroleum).

It is worth noting that the Absheron EPS project's reception platform, which is the first remotely controlled platform in the Caspian Sea, is operated from the Central Control Room located in the Oil Rocks.

Additionally, in collaboration with its trusted partners, SOCAR remains committed to pursuing activities aimed at unlocking the significant energy potential of our nation and facilitating the export of Azerbaijani gas to global markets. By leveraging strategic alliances, SOCAR is dedicated to further harnessing the country's energy resources and contributing to the sustainable development of the energy sector.

About SOCAR

SOCAR is one of the leading international energy companies. In order to ensure the economic interests of the Azerbaijani people, SOCAR is a major operator and participant in a number of transnational projects across the country and abroad. The company is active in all the oil and gas industry value chains. Exploration of oil and gas fields, production, processing and transportation of oil, gas and gas condensate constitute the main part of the operations of SOCAR. SOCAR also exports natural gas, oil and petrochemical products to the country's market, as well as international markets. The company's goal is to become a vertical integrated international energy company with advanced experience in the field of effective operation, social and environmental responsibility. As an important EU energy supplier, SOCAR plays a special role in the sustainable economic development of Europe.

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.