Azerbaijan, Baku, Feb.28 / Trend E. Ismailov /
BP is working on shutting-down of an appraisal well SDX-06 within large-scale development of the Azerbaijani offshore gas condensate field Shah Deniz, a source in oil and gas market said on Monday. The technical operator of the field is BP. Depth of the well exceeds 6,400 meters.
"Drilling of the well is completed and currently work is underway on its shutting-down," the source said.
According to him, upon completion of shutting-down of the well SDX-06 the drilling of the SDX-07 will start.
Two offshore platforms will be installed and 30 underwater wells were drilled for the extraction of additional 16 billion cubic meters of gas per year within the project Shah Deniz-2.
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.
The field's reserves are estimated at 1.2 trillion cubic meters during the first stage.
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.