Total Claims ‘Major’ Discovery of Gas in Azeri Caspian Sea
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Total SA, Europe’s third-biggest oil company, has made a “major” natural gas discovery in the Caspian Sea off Azerbaijan that may boost supplies of the fuel pumped to the European Union.
“This discovery could be very significant in terms of resources,” Marc Blaizot, Total vice president for exploration, said in an e-mailed statement. The Absheron block well’s first results show a potential of several trillion cubic feet of gas and associated condensates, the company said.