Bank Of Baku

Contracts on Shahdeniz-2 project to be signed in 2011

Contracts on Shahdeniz-2 project to be signed in 2011
# 13 November 2010 10:50 (UTC +04:00)
According to him the contracts on 6 bcm gas transaction and transition of gas on Shahdeniz-2 are being drafted with Turkish side: “At the same time, the negotiations on the sale of 10 bcm gases per year are being held with European countries”.

Remind that, the annual gas production is forecasted to be 30 bcm within the framework of second phase of Shahdeniz gas field. The participants are: BP (main operator - 25,5%), «Statoil» (commercial operator - 25,5%), ARDNŞ (10%), «LUKoil» (10%), NICO (10%), «Total» (10%) and TPAO (9%).
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THE OPERATION IS BEING PERFORMED