The gas reserves of the Shah Deniz field could be sufficient to meet the United Kingdom’s gas demand for approximately 10 years, said Giovanni Cristofoli, bp’s regional president for Azerbaijan, Georgia and Türkiye, during the session titled “Leaders’ Speeches: Leaders’ Perspectives on Energy Transformation and Future Strategies” at the Baku Energy Forum, APA-Economics reports.
According to him, Shah Deniz is one of the main pillars of energy security for Azerbaijan and the region.
“Shah Deniz is one of the cornerstones of energy security. The field’s gas reserves amount to 28 trillion cubic feet. For comparison, this volume would be enough to meet the United Kingdom’s gas demand for 10 years,” he said.
Cristofoli noted that bp continues to invest in order to maximize the efficient use of the field’s reserves. New wells are currently being drilled as part of the project.
He added that the company is investing $2.9 billion in the installation of a compressor platform at Shah Deniz.
“This facility will be fully electrified and operated unmanned. In terms of complexity, this will be the first project of its kind in the Caspian Sea,” the bp official stressed.
According to him, the ongoing investments are aimed at ensuring more efficient development of the field’s reserves and maintaining the long-term sustainability of production.
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