Baku. Agshin Rafigoglu - APA-Economics. During the first nine months of 2014, the Shah Deniz field continued to provide reliable deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), BTC Company and Turkey (to BOTAS)
BP-Azerbaijan told APA-Economics that during this period, the field produced 7.25 billion standard cubic metres (over 256 billion cubic feet) of gas and 1.72 million tonnes (13.8 million barrels) of condensate or 26.6 million cubic metres of gas per day (over 938 million standard cubic feet per day) and 50,450 barrels per day of condensate.
Since the start of Shah Deniz production in late 2006 until the end of the third quarter of 2014, 55.2 bcm (about 1,950 billion standard cubic feet) of Shah Deniz gas, and about 113.3 million barrels (14.2 million tonnes) of Shah Deniz condensate has been produced.
As a result of debottlenecking of existing facilities in 2013, Shah Deniz capacity was increased to 966 million standard cubic feet per day and approximately 55,000 barrels per day of condensate. The Shah Deniz partners have also agreed terms with SOCAR for further expansion of production capacity to around 1,040 million standard cubic feet per day by the end of 2014.
Shah Deniz participating interests are: BP, operator (28.8 per cent), AzSD (10.0 per cent), SGC Upstream (6.7 per cent), Statoil (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent). These percentages include the recent purchases of equity from Statoil by BP and the Azerbaijan Government (SGCU) and sale of Total equity to TPAO.
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