Part of contract work ahead of schedule within Shah Deniz-2

Baku, Azerbaijan, Oct.16

By Maksim Tsurkov - Trend:

Construction of the upper modules for the two platforms, as part of the framework of stage two development of the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea, is being implemented ahead of schedule, a source on the oil and gas market of Azerbaijan told Trend Oct.16.

Construction of the upper modules for the platforms is carried out by AMEC-Tekfen-Azfen (ATA) consortium.

"At present, work on the construction of the upper modules for both platforms is conducted at a heightened pace," said the source. "Most part of the work is already done, the production of the modules has been completed, and preparation for the installation of these structures is underway."

It was earlier reported that works on the construction of the upper modules for the two platforms under the Shah Deniz-2 were scheduled for completion in the first half of 2017.

Dispatch of the upper modules in the sea is expected in early 2018, according to the source.

The development operator of Shah Deniz project- BP signed a contract with the ATA consortium totaling $974 million within the Shah Deniz-2 project in late 2014.

Under the contract within five years it is envisaged there will be construction to the upper modules of the production and technological platforms including a residential unit. The contractor is responsible for implementation of all these procedures before commissioning.

The final investment decision was made on the second phase of the Azerbaijani Shah Deniz offshore gas and condensate field's development on December 17, 2013.

The gas to be produced within the second phase of the field's development will be exported to Turkey and to European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).

Under the project, Shah Deniz gas annual production will increase from 9 billion cubic meters in the first phase of an additional 16 billion cubic meters in the second phase.

Shah Deniz reserves are estimated at 1.2 trillion cubic meters of gas. The contract to develop the offshore Shah Deniz field was signed on June 4, 1996.

Participants at the development of the Shah Deniz field are SOCAR (the State Oil Company of Azerbaijan) with a share of 16.7 percent, BP (28.8 percent), Petronas (15.5 percent), Iran's NICO (10 percent), French Total (10 percent), Russia's Lukoil (10 percent) and Turkish TPAO (9 percent).

Edited by CN

Follow the author on Twitter: @MaksimTsurkov

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