BP-Azerbaijan’s Vice-President: It is the time when we turn SD from sheets of paper to sheets of steel

 BP-Azerbaijan’s Vice-President: It is the time when we turn SD from sheets of paper to sheets of steel
# 24 January 2013 13:58 (UTC +04:00)

Baku. Ali Ahmadov – APA-Economics. First gas within Shah Deniz-2 project will be extracted in 2018, Al Cook, BP Azerbaijan Vice President for Shah Deniz Stage 2 project told journalists, APA-Economics reports.

“2013 is going to be a very important year for SD and for the Southern Corridor. Together with SOCAR and other partners in SD project we are targeting a final investment decision on SD2 project in 2013, and that means to prepare wells, offshore, SCPX, TANAP system in Turkey, prepare the European pipeline system. But before that in June we will make a selection between TAP and Nabucco West”, he noted.

All the agreements, signed on the project so far, put us in a good place to spend money in 2013-2014 to take SD 2 ready for First Production in 2018. Over the next 18 months, in 2013 and the first half in 2014 Shah Deniz plans to make commitments to spend $10 bn on this project. BP on behalf of the consortium plans to make commitments to spend $10 bn.

With all this achieved we will target 2018 for first gas. So it is an exciting time. It is the time when we turn SD from sheets of paper to sheets of steel.

#
#

THE OPERATION IS BEING PERFORMED