Shah Deniz ups gas production

Azerbaijan, Baku, Oct. 30 / Trend E.Ismayilov /

Presently, daily gas extraction from four wells hits 17 million cubic meters at the Azerbaijani Shah Deniz gas-condensate field, compared to 16 million cubic meters in the early October, a source at oil and gas market said.

"Presently, extraction is implemented from four wells at the platform. About 17 million cubic meters of gas are extracted from four wells," a source said.

Increase in gas production is directly related to the increase in gas consumption due the bad weather conditions. The gas production from the field will be increased with the growth of consumption. The gas production could be increased despite the fact that one of five producing wells in the field is out of order.

Extraction was fully suspended at the field to conduct planned prophylactic operations in early September. Necessary equipment was installed during repairing of the extractive platform. Extraction from the platform was restored in late September. Gas pumping via South Caucasian gas pipeline (Baku-Tbilisi-Erzerum) was also suspended due to break of the platform. Daily extraction at the field hits 14-15 million cubic meters before the platform was stopped.

Daily extraction of gas-condensate from the platform at Shah Deniz field hits 4,000 cubic meters, a source said.

Forecast on gas extraction at Shah-Deniz field for this year hits 7.2 billion cubic meters. Before, BP Company (operator of the project) forecasted extraction to the amount of 7.7 billion cubic meters. Extraction worth 8.6-9 billion cubic meters will be reached at this field in 2010.

Gas was transported to Turkey and Georgia via South-Caucasian gas pipeline. Azerbaijan did not get gas from Shah-Deniz field during summer.

Contract for development of Shah-Deniz field was signed on June 4, 1996. Participants of the agreement include BP (operator) -25.5 percent, Statoil - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO- 9 percent, State Oil Company of Azerbaijan - 10 percent.

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