Date of Commissioning of Well on Shah Deniz Confirmed

Oil&Gas Materials 1 November 2006 13:14 (UTC +04:00)

The Azerbaijani Ministry of Industry & Energy informed Trend that in mid-November, BP Azerbaijan plans to commence the production of natural gas from the first well, drilled on the Shah Deniz gas field

The State Oil Company of Azerbaijan (SOCAR) is also a partner in the Shah Deniz Project operated by BP Azerbaijan.

The second well will be commissioned in mid-December, which will enable the increase of gas production. This year it is planned to increase approximately 1.2 billion mln cu.m of gas from Shah Deniz.

In 2007 two more wells will be connected to gas production from Shah Deniz. Next year Shah Deniz can lift up to 5.5 billion cu.m of fuel.

In accordance with the contract, gas will be delivered to Azerbaijan, Georgia and Turkey and a minor portion will be sold to BTC Company.