Nakhichevan field

Nakhichevan field is an offshore oil and gas field the Caspian Sea, Azerbaijan. It is located Template:Convert south of Baku, at a depth of Template:Convert.<ref name=reuters090310> Template:Cite news </ref>

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.<ref name=reuters090310/><ref name=trend100310> Template:Cite news </ref>

On 10 March 2010 it was reported that the German oil company RWE Dea signed a memorandum with SOCAR for developing the field.<ref name=reuters090310/><ref name=trend100310/><ref name=apa100310> Template:Cite news </ref>

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.<ref name=reuters090310/><ref name=trend100310/>