BP, its partners invested over $15 billion in Azerbaijan’s biggest gas project

  29 March 2017    Read: 785
BP, its partners invested over $15 billion in Azerbaijan’s biggest gas project
As of today, BP and its partners invested more than $15 billion in the Shah Deniz Stage 2 project in Azerbaijan and Georgia, where BP operates as an operator, Gordon Birrell, former BP regional president for Azerbaijan, Georgia and Turkey, told reporters in Baku Mar. 29.
BP expects that the final expenditures for the Shah Deniz Stage 2 project will be lower than those specified in the final investment decision.

The Shah Deniz Stage 2 envisages the drilling of 26 subsea wells, construction of two platforms, underwater pipelines for gas and condensate, expansion of the oil and gas terminal in Sangachal settlement, construction of two gas compressor stations and the connection of this infrastructure to the South Caucasus gas pipeline.

The gas, produced within the second stage of Shah Deniz field’s development, will be exported to Turkey and European markets through expansion of the South Caucasus Pipeline and the construction of the Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).

Shah Deniz Stage 2 will add a further 16 billion cubic meters per year of gas production to the approximately 9 billion cubic meters per year produced by Shah Deniz Stage 1.

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