Baku, Azerbaijan, April 24
By Emil Ismayilov - Trend:
All the construction work under the second phase of development of Azerbaijan's Shah Deniz offshore gas condensate field, will be carried out in Azerbaijan, Rovnag Abdullayev, head of the country's State Oil Company (SOCAR), told journalists on April 23.
All the major contracts under the Shah Deniz project have been signed and most of the work under the contract will be carried out in Azerbaijan, according to SOCAR head.
"Part of the equipment will be delivered from abroad. Currently, the issue regarding which equipment namely will be possible to produce in Azerbaijan, is under consideration," Abdullayev added.
The contract for development of the Shah Deniz offshore field, which has proven reserves of 1.2 trillion cubic meters of gas, was signed on June 4, 1996.
Participants in the Shah Deniz field development are the State Oil Company of Azerbaijan (SOCAR) with a share of 16.7 percent, British BP (28.8 percent), Norway's Statoil (15.5 percent), Iran's NICO (10 percent), French Total (10 percent), Russia's Lukoil (10 percent), Turkish TPAO (9 percent).
The final investment decision was made on the second phase of the Azerbaijani Shah Deniz offshore gas and condensate field's development on December 17, 2013. Gas from the field will go in the first instance to the European marketplace.
The gas to be produced within the second phase of the field's development will be exported to Turkey and to European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
Translated by L.Z.
Edited by C.N.