Daily gas production at Shah Deniz to remain at 2011 level next year
BAKU. Nov 11 (Interfax) - Daily gas production at Azerbaijan's Shah Deniz field will total 22-23 million cubic meters in 2012, equal to last year's level, First Vice President of the State Oil Company of the Azerbaijani Republic (SOCAR) Hoshbakht Yusifzade told journalists on Friday.
"Gas is currently produced at the Shah Deniz field by three wells. Overall average daily production at the field is around 22-23 million cu m. That level will also be maintained next year," he said.
A fourth production well will be completed at Shah Deniz in Q1 2012, he said.
The Shah Deniz project members are BP (operator, 25.5%), Statoil (25.5%), SOCAR (10%), Lukoil (10%), NICO (10%), Total (10%), and TPAO (9%).
Gas is currently produced under Stage-1 of Shah Deniz's development, which involves the production of 178 bcm of gas and 34 million tonnes of condensate. Stage-1 project costs are $4.1 billion. Peak gas production under Stage-1 is forecast at 9 bcm of gas and 50,000 barrels of condensate.
Agreements for gas sales under Stage-1 have been signed between Turkey, Azerbaijan and Georgia. The 690-kilometer-long South-Caucasus gas pipeline was built to export Azerbaijani gas to Turkey.
