Nakhchivan field is an offshore oil and gas field the Caspian Sea, Azerbaijan. It is located 90 kilometres (56 mi) south of Baku, at a depth of 400–600 metres (1,300–2,000 ft).[1]
Nakhchivan deposit was discovered in 1960. It was prepared for drilling in 1994. 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.[1][2]
References
- ^ a b c d "Azeri SOCAR to explore Caspian gas field with RWE". Reuters. 2010-03-09. Retrieved 2010-03-14.
- ^ a b c Ismayilov, E. (2010-03-10). "RWE: Development of perspective offshore structure Nakhchivan in Azerbaijan to contribute to project Nabucco project". Trend News Agency. Retrieved 2010-03-14.
- ^ "Azerbaijani President receives Chief Executive Officer of Germany's RWE". Azerbaijan Press Agency. 2010-03-10. Archived from the original on 2012-02-25. Retrieved 2010-03-14.
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