This year it is planned to extract 9.6 billion cub.m. of gas and 2.4 million tons of condensate from the Shah Deniz gas condensate field Stage 1 in the Azerbaijani sector of the Caspian Sea, a source from BP-Azerbaijan company told Caspian Barrel’s correspondent.
Last year 9.8 billion cub.m. of gas and 2.48 million tons of condensate has been extracted on the Shah Deniz field.
BP-Azerbaijan reported that at present 27 million cub.m. of gas and 55,000 barrels of condensate a day is extracted on the field.
* The contract for development of Shah Deniz field was signed on June 4, 1996 in Baku and ratified by the Milli Mejlis on October 17, 1996. The Shah Deniz project partners include BP (operator with 28.8%), TPAO (19%), SOCAR (16.7%), Petronas (15.5%), LUKoil (10%) and NICO (10%).