BAKU, Azerbaijan, Nov.6
By Leman Zeynalova – Trend:
Shah Deniz field in the Azerbaijani sector of the Caspian Sea has produced about 151 billion cubic metres of gas and about 35 million tonnes of condensate since start, Trend reports with reference to bp, the project operator.
In the first nine months of 2021, the Shah Deniz field produced around 16 billion standard cubic metres (bcm) of gas and around 3 million tonnes (around 24 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.
Shah Deniz participating interests are: bp (operator – 28.8 percent), TPAO (19 percent), PETRONAS (15.5 percent), AzSD (10 percent), LUKOIL (10 percent), NICO (10 percent) and SGC Upstream (6.7 percent).
This year, Shah Deniz celebrates its 25th anniversary since the signing of the Shah Deniz Production Sharing Agreement (PSA). The PSA was signed on 4 June 1996 between SOCAR and a consortium of foreign companies. It was ratified by the Milli Majlis and became effective on 17 October the same year. The project is the second after ACG largest foreign direct investment made in Azerbaijan and as such it has further strengthened the country’s economy. The Shah Deniz 25th anniversary marks an important milestone in the new history of Azerbaijan’s oil and gas industry.
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