BP examines well on Shah Deniz field
Azerbaijan, Baku, June 23 / Trend, E. Ismayilov /
Test commissioning of new SDA-06 production well on the Azerbaijani Shah Deniz gas and condensate field revealed the presence of complications in the well, a source in oil and gas market said. The British BP is technical operator of the Shah Deniz field development.
"Upon completion the drilling work the well was commissioned, but small problems occurred, and therefore the well's work was temporarily suspended," the source said.
He said at present examination is underway and causes of the problems are being analyzed.
According to source, the main reason of the problem that occurred in the well may be a high reservoir pressure.
Peak production is forecasted at over 9 billion cubic meters of gas and 50,000 barrels of condensate per day. According to forecasts, within the second phase of the field's development gas production may be increased to 25 billion cubic meters per year.
Shah Deniz reserves are estimated at an amount of 1.2 trillion cubic meters of gas.
The contract to develop the offshore Shah Deniz field was signed June 4, 1996. Agreement participants are BP (operator) - 25.5 percent, Statoil - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, and SOCAR - 10 percent.