Azerbaijan, Baku, June 8 /Trend E.Ismayilov/
Company Caspian Pipe Coating, the main co-founder of which is State Oil Company of Azerbaijan (SOCAR), will work on anti-corrosion coating and concreting of pipelines in the second stage of development of Azerbaijani gas condensate field Shah Deniz in the Caspian Sea, head of the company Azer Isaev told Trend on Friday.
According to him, the company is currently carrying out preparatory work to begin the process of coating pipes of various diameters, which are planned to be laid as part of this major project.
"We are completing work on the covering of pipes within the project Chirag oil project. As well as conduct preparatory work for the pipe coating during the second stage of Shah Deniz development," Isayev said.
The Chirag oil project involves the construction of the new West Chirag platform which will be installed at a depth of 170 metres between the Chirag and Gunashli production platforms.
Two offshore platforms will be installed and more than 20 subsea wells will be drilled for the production of an additional 16 billion cubic meters of gas a year under the Shah Deniz-2.
Peak production from the field in the first stage of development is projected at nine billion cubic meters. It is predicted that gas production can be brought up to 24 billion cubic meters a year in the second stage of field development.
Gas reserves of Shah Deniz field are estimated at 1.2 trillion cubic meters.
The contract to develop the offshore Shah Deniz field was signed on June 4, 1996.
Participants to the agreement are: BP (operator) - 25.5 per cent, Statoil - 25.5 per cent, NICO - 10 per cent, Total - 10 per cent, LukAgip - 10 per cent, TPAO - nine per cent and SOCAR-10 percent.