Nakhchivan field is an offshore oil and gas field the
Caspian Sea
The Caspian Sea is the world's largest inland body of water, often described as the world's largest lake or a full-fledged sea. An endorheic basin, it lies between Europe and Asia; east of the Caucasus, west of the broad steppe of Central Asia ...
,
Azerbaijan
Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of t ...
. It is located south of
Baku, at a depth of .
[
]
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.
[
]
On 10 March 2010 it was reported that the German oil company RWE Dea
DEA Deutsche Erdoel AG was an international oil and gas company headquartered in Hamburg, Germany. It was a subsidiary of L1 Energy. In 2018, DEA owned stakes in oil and gas licenses in various countries and operated natural gas underground storage ...
signed a memorandum with SOCAR for developing the field.[
]
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
Natural-gas condensate, also called natural gas liquids, 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. Some gas species within the raw natur ...
.[
]
References
Oil fields of Azerbaijan
Natural gas fields in Azerbaijan
Caspian Sea
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