Azerbaijan to increase gas production from Shah Deniz
Azerbaijan, Baku, Sept. 27 / Trend , E.Ismayilov /
Based on the forecasts of the State Oil Company of the Azerbaijan Republic (SOCAR), 11.62 billion cubic meters of associated gas will be produced from the Azeri-Chirag-Guneshli field compared to 11.95 billion cubic meters in 2010, SOCAR reported today at an exhibition dedicated to the country's independence.
Of the total amount expected to be produced in 2011, 2.73 billion cubic meters of gas will be donated to SOCAR compared to 3.44 billion cubic meters in 2010.
ACG participating interests are: BP (operator - 35.78 %), Chevron (11.27%), AzACG (11.65 %), INPEX (10.96%), Statoil (8.56%), Exxonl (8%), TPAO (6.75%), ITOCHU (4.3%), Hess (2.72%).
Some 9.13 billion cubic meters of gas is expected to be produced from the gas-condensate field Shah Deniz compared to 7 billion cubic meters of gas in 2010.
Some 1.5 billion cubic meters of the total amount will fell to SOCAR compared to 1.79 billion cubic meters in 2010.
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.
Now gas is transported to Georgia and Turkey via the South Caucasus gas pipeline.