“Shah Deniz field remains stable and reliable,” said Birrell adding that it was produced about 10 billion cubic meters of gas and 2.3 million tons of condensate in this field in 2015.
These volumes were produced in just six wells, according to him.
As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.
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 in the contract are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).
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