Gas Production from Shah Deniz Field Climbing Up
Azerbaijan, Baku, 23 May / Trend corr S. Aliyev/ Production of gas from the Shah Deniz field has climbed up from 18mln to 21mln cu m per day, Government reported on 23 May.
Drilling of a new well from platform TPG-500 (fifth production well) is being completed in the Shah Deniz. The new well will increase potential production in the field to 26-27mln cu m of gas per day.
The contract on development of off-shore Shah Deniz field was signed on 4 June 1996. The sides to the contract are ВР (operator - 25.5%), Statoil (25.5%), SOCAR (10%), LukAgip (10%), NICO (10%), Total (10%), and TPAO (9%).
Gas production in the field was launched in December 2006. Presently, gas is transported to Georgia and Turkey via the South-Caucasus gas pipeline. Azerbaijan also purchases the gas.
Some 8.8bln cu m of gas is envisaged to be produced within Stage I per year. The gas will be supplied to Azerbaijan, Georgia and Turkey. The production will be increased up to 20bln cu m within Stage II which will commence to be realized after 2012. At this Stage, the gas is implied to be exported to Europe.
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