Azerbaijan, Baku, June 9 / Trend E. Ismayilov /
BP is the operator of the development of Azerbaijani offshore gas condensate field Shah Deniz. Due to the drilling of the well, peak production from the field can be increased.
Previously, BP has completed the conservation of one of the five existing wells on the field. Initially, this well was planned to be completely eliminated because of poor technical condition.
Later, a decision was made to preserve it.
A source said that the decision to conserve the well was made in connection with the presence of pressure in drill string-casing space. While liquidating the well, it became clear that it can be eliminated partially. About 2,500 meters was liquidated. The remaining 4,000 meters will be conserved.
A source said that it will be drilled at a depth of up to 4,000 meters. It will take 4-5 months.
"The work on this well will be launched after the process of drilling of a new well at Shah Deniz is completed. The work is underway," a source said.
He said that now the depth of the new sixth well is 4,460 meters of 7,000 meters. The source said that the work is being conducted in accordance with the schedule. Drilling of a new well should be completed during October-November this year.
Currently, gas production is carried out from four wells. Daily production gas from the platform at the Shah Deniz field is located at a depth of 20 million cubic meters
A peak production from the field within the first stage of development is projected at 8,6-9 billion cubic meters. According to the forecasts, gas production will be increased by another 16 billion cubic meters per year within the second stage of development of the field.
Gas produced from Shah Deniz field is transported to Georgia and Turkey. Azerbaijan gets a part within the project (some part is bought).
Shah Deniz reserves are estimated at 1.2 trillion cubic meters.
The contract to develop the offshore field Shah Deniz was signed June 4, 1996. Members of the agreement are: BP (operator) - 25,5 percent, Statoil - 25,5 percent, NICO - 10 percent, Total - 10 percent, LUKOIL - 10 percent, TPAO - 9 percent, SOCAR - 10 percent. Shares of Shah Deniz field are estimated at 1.2 trillion cubic meters of gas.