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BP resumes production at largest gas field in Azerbaijan

Economy Materials 24 August 2015 12:51 (UTC +04:00)
On the evening of Aug.23, BP resumed natural gas production at the Shah Deniz largest gas condensate field in the Azerbaijani sector of the Caspian Sea,
BP resumes production at largest gas field in Azerbaijan

Baku, Azerbaijan, Aug. 24

By Maksim Tsurkov - Trend:

On the evening of Aug.23, BP resumed natural gas production at the Shah Deniz largest gas condensate field in the Azerbaijani sector of the Caspian Sea, stopped earlier due to maintenance work on the platform, head of the press service of the BP-Azerbaijan company Tamam Bayatli told Trend Aug.24.

The work on the platform was suspended on August 2, 2015 in order to carry out scheduled maintenance.

"We resumed gas production at the Shah Deniz platform in the evening of Aug.23," the head of the press service said. "The process of bringing it to full capacity will take place gradually. The entire work program was successfully finished, and maintenance work was completed even earlier than planned. The testing process was also successfully conducted, after which production was resumed."

The reserves of the 'Shah Deniz' field are estimated at 1.2 trillion cubic meters of gas. The contract for its development was signed June 4, 1996.

In the first half of 2015, some 5.2 billion cubic meters of gas and 1.2 million metric tons of condensate (about 9.8 million barrels) were produced at the 'Shah Deniz' versus 4.75 billion cubic meters of gas and 1.12 million metric tons of condensate produced in the same period of 2014.

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).

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