Azerbaijan, Baku, Oct.7 / Trend E. Ismailov /
Technical staff of the State Oil Company of Azerbaijan (SOCAR) in London took part in discussions over the concept of the second phase of the development of the Shah Deniz gas field in the Azerbaijani sector of the Caspian Sea, SOCAR's senior representative said.
"There are some discrepancies between the concept, proposed by BP and partners and the concept of the proposed company SOCAR in the second phase of the Shah Deniz field's development. This issue is considered i in regular course of work," he said.
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.