Azerbaijan, Baku / Тrend corr S. Aliyev / The technologies needed for development of large gas deposits which were revealed by ВР at a large depth of Azerbaijani Shah Deniz field are not applied anywhere. Such technologies are planned to be used in the Mexican Gulf, but it will happen in several years, the president of the ВР Azerbaijan Bill Schrader said on 14 November. He was commenting on new gas volumes discovered during drilling of SDX-4 well in the south-west of Shah Deniz field in Azerbaijan. He did not specify the amount of the new deposits.
"The SDX-04 well is a major achievement and it justifies our plans for the next stage of development of the field. The results of the well prove that it was worth making the effort to complete and test the deepest well ever drilled in the Caspian as we met both the exploration and appraisal objectives set for it," said Bill Schrader, President of BP Azerbaijan.
Although further work is required to define this second phase it will likely be similar or larger than stage 1 - 8.6 bcma (billion cubic metres a year).
The well was drilled to a Caspian-record depth of more than 7,301 metres in the south western part of Shah Deniz.
During drilling a well below the Svita Pereriva, gas reserves under a high pressure were discovered.
The exploration discovery represents a potentially significant find. There will be appraisal to fully delineate the new structure in the next few years.
The parties to the Shah Deniz production sharing agreement (PSA) are: BP (operator - 25,5%), StatoilHydro (25,5%), the State Oil Company of Azerbaijan Republic (SOCAR - 10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).
According to ВР, gas reserves in field make up 625bln cu m. The SOCAR says the reserves may exceed 1.2trln cu m.