Azerbaijan, Baku, Feb.27 / Trend , S.Aliyev /
The fifth well on Shah Deniz field can be put into operation in March, a source in oil and gas industry of Azerbaijan said. Currently completing works are being carried out in the well.
BP Company, operator of the Shah Deniz development project, finished drilling the well. It is more than 7,100 m in depth.
This well must be the largest for its production amongst all wells drilled on Shah Deniz. Currently approximately 22 million cubic meters of gas are being generated on the field from four wells per day.
According to the forecasts of the government of Azerbaijan, this year the volume of production on Shah Deniz field will exceed 9 billion cubic meters compared to formerly forecasted 8.6 billion cubic meters. Next years, the volume of production will increase up to 9.6 billion cubic meters.
The total volume of gas production within first phase of development of Shah Deniz field will be 180 billion cubic meters.
The contract on development of off-shore Shah Deniz field was signed on 4 June 1996. Shah Deniz participating interests are: ВР (operator - 25.5%), StatoilHydro (25.5%), SOCAR (10%), LukAgip (10%), NICO (10%), Total (10%), and TPAO (9%).
The gas is transported to Georgia and Turkey via South Caucasus pipeline. Azerbaijan is also buyer of gas.
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