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Shah Deniz gas production forecasts for 2022-2023 revealed

Oil&Gas Materials 28 November 2022 18:02 (UTC +04:00)
Shah Deniz gas production forecasts for 2022-2023 revealed
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, Nov.28. Azerbaijan’s giant Shah Deniz field’s gas production as of 2022 is forecast at 24 billion cubic meters, before reaching to 25.4 billion cubic meters in 2023, Trend reports via the Chamber of Accounts.

Reportedly, the field produced 22.62 billion cubic meters in 2021.

The field’s condensate production is forecast at 33.8 million barrels in 2022 and 36.4 million barrels in 2023, compared to 34.08 million barrels in 2021.

Shah Deniz participating interests are: bp (operator – 29.99%), LUKOIL (19.99%), TPAO (19.00%), SOCAR (14.35%), NICO (10.00%) and SGC (6.67%).

The existing Shah Deniz facilities’ production capacity is currently about 73 million standard cubic metres of gas per day or more than 26.5 bcma.

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