200 bcm of gas have been extracted from the largest Caspian gas field in 200 months

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The total volume of gas production from the “Shah Deniz” field since commissioning (since December 15, 2006) has reached 200 bcm.

“On August 26, the volume of gas extracted from the “Shah Deniz” field reached 200 bcm. This year, another significant event is expected within the framework of the project – in the fourth quarter it is planned to put into operation the north-eastern wing of the field and launch two additional production wells,” the bp-Azerbaijan statement.

Turan agency reminds that the first 100 bcm of gas from “Shah Deniz” was produced on January 7, 2019.

According to the company, gas production at the field is currently conducted from 25 wells (from 11 on the “Shah Deniz Alfa” platform and from 14 on the “Shah Deniz Bravo” platform). In total, 72.6 mcm of gas are produced from these wells every day.

“We believe that “Shah Deniz” has a great future. We are currently drilling a new well in this field to the “Pre-Fasila” formation located below the existing productive formations. We hope that this well will create new opportunities for development by supporting our plans to ensure long-term production at the “Shah Deniz” field,” said Elkhan Mammadov, BP’s vice president for production in the region of Azerbaijan, Georgia and Turkey, whose words are quoted in the message.

The “Shah Deniz” field was discovered in 1999. Its area is about 860 sq. km. According to preliminary estimates, the “Shah Deniz” field as a whole has reserves of over 1 trillion cubic meters of gas and more than 2 billion barrels of condensate.

Since the beginning of operation, 42.4 million tons (342 million barrels) of condensate have been produced at the “Shah Deniz” field. The contract for the development of the “Shah Deniz” field was signed in Baku on June 4, 1996 and ratified by the Milli Majlis on October 17 of the same year.

The parties’ equity participation in the contract is currently as follows: bp (operator – 29.99%), CJSC Southern Gas Corridor (21.02%), LUKOIL (19.99%), TPAO (19%) and NICO (10%).