...

Work on Shah Deniz-2 goes according to plan, budget, BP says

Oil&Gas Materials 3 June 2015 16:12 (UTC +04:00)
The work on the Stage 2 of development of Azerbaijan’s Shah Deniz gas and condensate field is going according to the approved plan and budget.
Work on Shah Deniz-2 goes according to plan, budget, BP says

Baku, Azerbaijan, June 3

By Maksim Tsurkov - Trend:

The work on the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field is going according to the approved plan and budget, regional president of BP company for Azerbaijan, Georgia and Turkey Gordon Birrell told reporters June 3.

Eight wells have been drilled to date which is sufficient to start the gas production on time, he said.

In parallel, two platforms for the work at the field are being constructed, said Birrell, adding that the assembly of two steel jackets and two topsides of the platforms is already underway.

He added that the work on modernization of "Israfil Huseynov" pipe lay barge has been completed and it will be able to start the underwater pipe laying work in coming days.

The large compressors and other equipment are ready for delivery to Azerbaijan and installing them on the platforms, Birrell said.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field's reserve is estimated at 1.2 trillion cubic meters of gas. The shareholders are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NICO (10 percent) and TPAO (19 percent).

As part of the implementation of the Shah Deniz project, the annual gas production volume will increase from 9 billion cubic meters (within the first phase) by additional 16 billion cubic meters in the second phase. Two offshore platforms will be installed and over 20 subsea wells will be drilled to produce additional volumes of gas within Shah Deniz-2 project.

As part of the second stage of the field's development, gas will be exported to Turkey and European markets by expanding the South Caucasus gas pipeline and the construction of Trans-Anatolian (TANAP) and Trans-Adriatic (TAP) gas pipelines.

The volume of gas produced at Shah Deniz field stood at 9.9 billion cubic meters in 2014, while the volume of condensate production at this field totaled 2.3 million metric tons (18.7 million barrels), compared to 9.8 billion cubic meters of gas and 2.48 million metric tons of condensate (19.6 million barrels) in 2013.

Edited by SI

---

Follow the author on Twitter: @MaksimTsurkov

Tags:
Latest

Latest