BP to commission well at field in Caspian Sea

Oil&Gas Materials 27 January 2012 21:04 (UTC +04:00)

Azerbaijan, Baku, Jan.27 / Trend E.Ismayilov /

BP will start repair of new SDA-06 producing well in Shah Deniz gas condensate field in the Azerbaijani part of the Caspian before spring 2012, a source in the oil and gas market told Trend on Friday.

It was planned to shut well for repair in April, 2012.

The source said despite of the need to carry out repair work at present the well is into operation because of need in gas.

"The well should have been shut before late January but because of need in gas it is still exploited and it's difficult to talk about exact date of the repair. It is likely to happen by spring," he said.

The source also noted at present work on commissioning SDA-05 well is underway and after this SDA-06 well will be shut for repair.

There are now 4 wells at the field, the source said.

Peak production at the field under the first stage of development is estimated to be 9 billion cubic meters per year.

Reserves of 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 - 25.5 percent, NICO - 10 percent, Total - 10 percent, LukAgip - 10 percent, TPAO - 9 percent, SOCAR-10 percent.