Gas production in Shah Deniz drops
Azerbaijan, Baku, May 27 / Trend /
Roughly 14-15 million cubic meters of gas is exported to Turkey per day as part of the first phase of development of the Shah Deniz field, a source at the oil and gas industry said on May 27. Around 700,000-800,000 cubic meters of gas is exported to Georgia each day.
The source said at present daily gas production in the field fluctuates within 15-16 million cubic meters compared to the highest production at 22-23 million 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%).
Gas is presently transported to Georgia and Turkey via the South Caucasus Pipeline. The first development phase envisages producing an annual 9 billion cubic meters of gas. This volume will be sold to Azerbaijan, Georgia and Turkey.
Production will be increased to 20 billion cubic meters during the second stage to commence after 2014.
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