Bank Of Baku

Gas production on Shah Deniz-2 project to be started in 2016

Gas production on Shah Deniz-2 project to be started in 2016
# 02 June 2010 12:24 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. The gas production on the Shah Deniz-2 project will be started in 2016, SOCAR president Rovnag Abdullayev told in the international oil and gas conference, Baku.

According to him, the annual production will be reached 16 bln cubic meters and 30 production wells will drilled in the field, at the second level.

He also noted that, the reserves of Shah Deniz field are valued as 1.2 trillion cubic meters gas and more 240 mln ton condensates.

The 800 mln cubic meters of 6.3 bln cubic meters produced gas in the field was stayed in Azerbaijan, 700 mln cubic meters was exported to Georgia, 4.3 bln cubic meters to Turkey.
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