Azerbaijan , Baku, Feb. 28 / Trend E. Ismailov /
Gas may be extracted from the new production well SDA-06 at the gas condensate Shah Deniz Field in the Azerbaijani sector of the Caspian Sea in April, a source on the oil and gas market said.
"Engineering work on the well is still underway. Production may begin in April," the source said.
BP will start drilling a branch hole of the well SDA-03 at the gas condensate Shah Deniz Field in the Azerbaijani sector of the Caspian Sea. It was partially closed down due to its poor technical condition.
There are 5 wells in the Shah Deniz Field. At present, gas is produced from four wells.
Daily production of gas from the platform at the Shah Deniz field lies in the area of 15-23 million cubic meters. After putting new wells into operation, it can reach 25-26 billion cubic meters per day.
Peak production is forecast at over 8.6-9 billion cubic meters.
Reserves of the Shah Deniz field are estimated at 1.2 trillion cubic meters of gas.
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, and SOCAR-10 percent.