Over 50 billion cubic meters of gas produced in Azerbaijani "Shah Deniz" field
Baku, Azerbaijan, May 8
By Emil Ismayilov - Trend:
Some 51 billion cubic meters of gas and 13.3 million tonnes of gas condensate have been produced at the Azerbaijani offshore "Shah Deniz" gas condensate field since the beginning of its development.
The first vice-president of the State Oil Company of Azerbaijan, Khoshbakht Yusifzadeh made the remarks in "Respublika" newspaper.
"In 2013, it is planned to produce nine billion cubic meters of gas at the field, however, in fact some 9.8 billion cubic meters of gas and 3.1 million tonnes of condensate were produced last year," he said.
Gas from "Shah Deniz" is exported to Turkey and Georgia via the South Caucasus pipeline (Baku-Tbilisi-Erzurum). Since the beginning of the development of "Shah Deniz", some 27.4 billion cubic meters of gas has been exported to Turkey and 3.9 billion cubic meters - to Georgia, Yusifzadeh said.
Also, he said that Azerbaijani gas will be supplied to the European market with the implementation of the second phase of field development and the construction of the Trans-Anatolian and Trans-Adriatic gas pipelines
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. Some 10 billion cubic meters of gas from the field will be supplied to the European market, and six billion cubic meters will be exported to Turkey.
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).
Translated by S.I.
Edited by C.N.