Nakhichevan field
Encyclopedia
Nakhichevan field is an offshore oil and gas field the Caspian Sea
, Azerbaijan
. It is located 90 kilometres (55.9 mi) south of Baku
, at a depth of 400–600 m (1,312.3–1,968.5 ).
Nakhichevan 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 on exploration of the field; however, this contract was later terminated due the absence of significant reserves.
On 10 March 2010 it was reported that the German oil company RWE Dea signed a memorandum with SOCAR for developing the field.
According to preliminary government estimates, the Nakhichevan field may contain up to 300 billion cubic meters of natural gas and 40 million tonne of natural gas condensate
.
Caspian Sea
The Caspian Sea is the largest enclosed body of water on Earth by area, variously classed as the world's largest lake or a full-fledged sea. The sea has a surface area of and a volume of...
, Azerbaijan
Azerbaijan
Azerbaijan , officially the Republic of Azerbaijan is the largest country in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded by the Caspian Sea to the east, Russia to the north, Georgia to the northwest, Armenia to the west, and Iran to...
. It is located 90 kilometres (55.9 mi) south of Baku
Baku
Baku , sometimes spelled as Baki or Bakou, is the capital and largest city of Azerbaijan, as well as the largest city on the Caspian Sea and of the Caucasus region. It is located on the southern shore of the Absheron Peninsula, which projects into the Caspian Sea. The city consists of two principal...
, at a depth of 400–600 m (1,312.3–1,968.5 ).
Nakhichevan deposit was discovered in 1960. It was prepared for drilling in 1994. In 1997, ExxonMobil
ExxonMobil
Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas...
and the State Oil Company of Azerbaijan Republic (SOCAR) signed a contract on exploration of the field; however, this contract was later terminated due the absence of significant reserves.
On 10 March 2010 it was reported that the German oil company RWE Dea signed a memorandum with SOCAR for developing the field.
According to preliminary government estimates, the Nakhichevan field may contain up to 300 billion cubic meters of natural gas and 40 million tonne of natural gas condensate
Natural gas condensate
Natural-gas condensate is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields....
.