Socar Says Shah Deniz-2 70% Complete
Azerbaijan’s Shah Deniz gas field’s stage 1 (SD1) has produced 70bn m3 since it started production in 2006, while 70% of the work to get the field's second stage up and running has been completed, state oil company Socar's vice-president, Khoshbakht Yusifzade, announced on April 25.
From the volume above, Azerbaijan has so far exported 39bn m3 to Turkey and 5bn m3 to Georgia; the remaining volume was consumed domestically.
Addressing the 'Caspian Basin and Central Asia: Trade, Logistics, Oil Processing and Oil and Chemistry' conference, he said that about 2.5mn m3/d of gas was exported to Georgia while 18.5mn m3/d was delivered to Turkey in Q1 2016.
Azerbaijan's energy minister Natig Aliyev said on Monday that nearly 70% of the work on the SD2 project was finished. The project includes the upstream sector, developing Sangachal terminal as well as the South Caucasus Pipeline Expansion (SCPX), stretching from Azerbaijan to the Turkish border via Georgia.
The route is a part of Southern Gas Corridor which aims to transit 16bn m3/yr of SD2 gas to Turkey and Europe.
Socar's vice-president for oil and gas production and transport, Rahman Gurbanov, told NGE on April 23 that SD1 is currently producing 30mn m3/d, slightly higher than its 2015 average of 29.5 mn m3/d.
BP regional vice president Bakhtiyar Aslanbayli also said on April 25 that it has invested to date $58bn in Azerbaijan’s oil and gas projects, including Shah Deniz and the Azeri-Chirag-Guneshli oil fields (ACG), both of which are BP-operated.
ACG produces 36mn m3/d of associated gas, the majority of which is re-injected to the fields to maintain oil production levels.
Azerbaijan desk