Shah Deniz field’s production to increase after commissioning fifth well
Azerbaijan, Baku, Sept.25 / Trend, E.Ismayilov /
After commissioning the fifth production well on the Shah Deniz gas condensate field in the Azerbaijani sector of the Caspian Sea total daily production will hit about 26 million cubic meters, SOCAR's first vice-president Khoshbakht Yusifzade said Sept.24.
It is expected that the well will be commissioned by late 2010. Now its depth is about 6,000 meters of the projected 7,000.
At present, daily production debit from four production wells on the field hits 22-23 million cubic meters of gas.
The contract to develop Shah Deniz was signed in June 1996. Participants are: BP (operator) - 25.5 percent; Statoil - 25.5 percent; NICO - 10 percent; Total - 10 percent; LukAgip - 10 percent; TPAO - 9 percent; and, SOCAR - 10 percent.
Gas is transported to Georgia and Turkey through the South Caucasus gas pipeline.
This year the field will produce 7.84 billion cubic meters of gas. Peak production is forecast at over 8.6-9 billion cubic meters. Gas production may be brought up to 25 billion cubic meters per year under the second phase of development.