Bank Of Baku

Gas production to be increased by 46% in Shahdeniz field

Gas production to be increased by 46% in Shahdeniz field
# 12 November 2010 11:45 (UTC +04:00)
According to company, if the forecast will eb fulfilled successfully, the gas production in Shahdeniz field will be increased by 46.4% compared with a year ago.

To remind, the reserves of field is estimated as 1.2 trillion cm. Annual production is forecasted to be reached 30 bln cm within the framework of second phase of Shahdeniz field project. The participants of the project are: BP (main operator - 25,5%), «Statoil» (commercial operator - 25,5%), SOCAR (10%), «LUKoil» (10%), NICO (10%), «Total» (10%) and TPAO (9%).
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THE OPERATION IS BEING PERFORMED