Shah Deniz to yield first gas to Turkey

Dec 08, 2003 01:00 AM

Azerbaijani field Shah Deniz in the Caspian Sea will supply the first gas to the pipeline leading to the Turkish city of Erzurum on October 23, 2006, reports BP-Azerbaijan.
BP-Azerbaijan is the operator of the project for the Shah Deniz development. Probable reserves of the new gas bearing reservoir at the Shah Deniz will be announced supposedly at the end of December 2003 after drilling of the second well.

The new reservoir was discovered after drilling of the first well in the north-eastern part of the field. The "Stage-1" of the Shah Deniz development worth $ 3.2 bn includes mounting of a platform on 15 wells at a water depth of 105 meters, construction of two underwater pipelines having length of 100 km each from the platform to the Sangachal terminal and construction of the South Caucasian gas pipeline Baku-Tbilisi-Erzurum, through which Azerbaijani gas will be supplied to Turkey.
The first stage of the project implies production of 178 bn cm of natural gas and 34 mm tons of gas condensate. The peak production will be 8.4 bn cm of natural gas and 2 mm tpy of gas condensate. At further stages it is planned to produce about 16 bn cmpy of gas.

The aggregate reserves of the Shah Deniz field are estimated at approximately 1 tcm of gas.
Shareholders of the Shah Deniz project include: BP (25.5 %, operator), Statoil (25.5 %), LUKAgip (10 %), TotalFinaElf (10 %), SOCAR (10 %), OIEC (10 %) and TPAO (9 %).

Source: Neftegaz.RU
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