BP to commission new well
Azerbaijan, Baku, April 4 / Trend E.Ismayilov /
As the technical operator of the the Shah Deniz offshore gas field in the Azerbaijani sector of the Caspian Sea, BP will commission the new SDA-6 well next month, an oil and gas market source said on Monday.
The work is underway, the source said.
"The well will be put into operation within a month when the process is completed," the source said.
BP will start drilling a branch hole at the well at Shah Deniz. It was partially closed down due to its poor technical condition.
There are 5 wells on the Shah Deniz Field. At present, gas is produced from four wells.
Daily gas production from Shah Deniz 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.
The field's reserves 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.