BAKU, Azerbaijan, Aug.11
By Leman Zeynalova - Trend:
Shah Deniz 2 East South flank is expected to reach full production in Q3 2021, Trend reports with reference to bp.
“In the second quarter of 2021, the Shah Deniz 2 project achieved the start-up of the East South flank at 540m water depth – a major milestone planned for 2021 and delivered safely, on schedule and within the budget. Production from this deep-water flank commenced on 30 June following the successful completion of all related offshore construction and commissioning works. It is expected that the flank will be at full production rates in the third quarter of 2021,” said the company.
Shah Deniz participating interests are: bp (operator – 28.8%), TPAO (19.0%), PETRONAS (15.5%), AzSD (10.0%), LUKOIL (10.0%), NICO (10.0%) and SGC Upstream (6.7%).
In the first half of 2021, Shah Deniz spent more than $1.14 billion in operating expenditure and around $366 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project.
In the first half of the year, the field produced 10 billion standard cubic metres (bcm) of gas and around 1.9 million tonnes (15.1 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.
The existing Shah Deniz facilities’ production capacity is currently about 70 million standard cubic metres of gas per day or more than 25 bcma.
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