Baku, Azerbaijan, June 2
By Anvar Mammadov - Trend:
Two platforms to be installed as part of the second stage of development of Azerbaijani Shah Deniz gas condensate field in the Caspian Sea will be ready in 2018, Gordon Birrell, BP's regional president for Azerbaijan, Georgia and Turkey, said.
He made the remarks at the International Caspian Oil & Gas Conference 2016 in Baku.
Birrell added that BP will fulfill its part of work on the Shah Deniz-2 project on time and within the framework of the budget set.
"The work on the territory of Azerbaijan and Georgia continues," Birrell said. "We have already drilled nine out of 26 offshore wells, and that will be sufficient for the initial gas production and its further expansion at the field."
"Construction of upper modules of the platforms is being completed and all residential units have been installed on them," he said. "Nearly $700 million has been already spent on the construction work. The upper modules will be ready to be commissioned in 2017."
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 in the contract are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).