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BP conducts most of works within drilling of new well at Shah Deniz field

Oil&Gas Materials 11 October 2010 12:57 (UTC +04:00)
The British company BP, operator of the development of the Azerbaijani offshore gas condensate field Shah Deniz, within the drilling of a new production well SDA-06 has already completed about 90 percent of the works, a source in the oil and gas market said today. At present, its depth is 6,200 meters from the projected 7,000 meters.

Azerbaijan, Baku, Oct.11 / Trend E. Ismailov /

The British company BP, operator of the development of the Azerbaijani offshore gas condensate field Shah Deniz, within the drilling of a new production well SDA-06 has already completed about 90 percent of the works, a source in the oil and gas market said today. At present, its depth is 6,200 meters from the projected 7,000 meters.

According to the source, commissioning a new well will be held in late 2010.

"At present, drilling operations are underway. Most of the works have been already done. Presumably, the new well will be commissioned in late 2010," the source said.

Currently, gas production is executed from four wells. Daily gas production from the platform at Shah Deniz is roughly 20-23 million cubic meters. After commissioning new wells it can reach 25-26 million cubic meters per day.

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 stage of development.

Gas is transported to Georgia and Turkey via the South Caucasus Pipeline.

Shah Deniz field's reserves are estimated at 1.2 trillion cubic meters of gas.

The contract to develop Shah Deniz was signed June 4, 1996. Participants are BP (operator) - 25.5 percent, Statoil Hydro - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, and SOCAR - 10 percent.

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