The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field’s reserve is estimated at 1.2 trillion cubic meters of gas.
The shareholders are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NICO (10 percent) and TPAO (19 percent).
As part of the second stage of the field’s development, gas will be exported to Turkey and European markets by expanding the South Caucasus gas pipeline and construction of Trans-Anatolian (TANAP) and Trans-Adriatic (TAP) gas pipelines.
Business activities and investments in the future is the basis for development of each company and BP is proud of supporting a number of developing spheres in Azerbaijan, according to Aslanbayli.
“Currently, 2,900 Azerbaijani citizens work at BP, which is the operator in such projects as Azeri-Chirag-Guneshli, Shah Deniz and Baku-Tbilisi-Ceyhan,” he said. “The majority of them work in Baku. Nevertheless, I would like to mention that the Azerbaijani workforce also works in the US, UK and other countries.”
The regional vice president noted that BP will continue to invest in developing the local personnel.
“In order to attract sufficient number of local resources in the implementation of projects, we have worked out large-scale training programs for local enterprises and workforce,” he said.
Meanwhile, the process of procurement of equipment and services from local suppliers leads to additional employment of the population, stimulates the growth and attracts new areas of business activities to the region, according to Aslanbayli.
BP also calls on its contractors to purchase the necessary equipment, goods and services meeting the relevant specifications from local suppliers, he added.
“In order to promote this [process] we have added related items to our contracts,” said Aslanbeyli.
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