GAZ DE FRANCE TO TAKE PART IN THE ELABORATION OF ABCHERON GAS PROJECT

/PanARMENIAN.Net/
30.06.2009 14:46 GMT+04:00

/PanARMENIAN.Net/ Gaz de France SUEZ (GDF/SUEZ) French company received
20% of shares of Abcheron gas exploration and elaboration project in
the Azerbaijani part of the Caspian Sea.

GDF/SUEZ joined the project through acquiring 20% of shares from
French Total, another project participant, which earlier possessed 60%
of shares in the contract.

Within three years, it is planned to dig an exploratory hole costing
USD 100 million. The projected depth of the hole is 6500 m. During
the next three-year period, two more exploratory holes may be
dug. Abcheron bloc is situated at a distance of 10 km. from Baku,
Trend agency reports.