| Nakhichevan field | |
|---|---|
| Country | Azerbaijan |
| Offshore/onshore | Offshore |
| Operator(s) | RWE Dea |
| Partners | RWE Dea, SOCAR |
| Field history | |
| Discovery | 1960 |
| Production | |
| Estimated gas in place (billion cubic meters) | 300 |
Nakhichevan 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]
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.[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 Nakhichevan field may contain up to 300 billion cubic meters of natural gas and 40 million tonne of natural gas condensate.[1][2]
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