Country Azerbaijan Partners RWE Dea, SOCAR Operator DEA AG | Offshore/onshore Offshore Discovery 1960 | |
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Estimated gas in place 300×10^ m (11×10^ cu ft) | ||
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).
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.