Gas production in Azerbaijan's Shah Deniz field declines

Oil&Gas Materials 21 December 2010 12:39 (UTC +04:00)

Azerbaijan, Baku, Dec. 21 / Trend E.Ismayilov /

Daily gas production at the Shah Deniz gas field in Azerbaijani sector of the Caspian Sea is 10 million cubic meters compared to more than 20 million cubic meters in November, a source in the oil and gas market said on Tuesday.

The source said now gas is transported to Georgia and Turkey via the South Caucasus gas pipeline, as well as pumping stations of the Baku-Tbilisi-Ceyhan pipeline. Azerbaijan does not receive gas from the field at present.

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

It is expected to receive 7.84 billion cubic meters in the field this year, peak production forecasted at over 8.6-9 billion cubic meters. It is planned that in the second stage of field development, gas production can be brought up to 25 billion cubic meters a year.