BAKU, Azerbaijan, Aug.12
By Leman Zeynalova – Trend:
Installation activities for Shah Deniz 2 project will last until Q1 2023, Trend reports with reference to Italy’s Saipem.
“Work relating to the Shah Deniz 2 (Call-off 007) contract continued for the scope of work encompassing the transportation and installation of production systems and subsea facilities, the laying of optical fiber cables and production umbilicals, start-up, supply of the crew and operational management of the new vessel, with installation activities envisaged until the first half of 2023,” 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.
Follow the author on Twitter: @Lyaman_Zeyn