Maximum Production from Shah Deniz Expected between 2022 and 2028

Maximum gas extraction of 25 bcm/y from the Shah Deniz field is expected to be between 2022 and 2028, said SOCAR Senior Vice President for Geology, Geophysics and Field Development Khoshbakht Yusifzada.

“The peak volume of gas extraction of 16 bcm/y from the Shah Deniz Phase 2 will be achieved in 2022 and maximum volume of gas extraction from Phase 1 and Phase 2 is expected between 2022 and 2028,” added Yusifzada.

He said at the initially Azerbaijan plans to export 10 bcm/y of gas to Europe, but the figure will reach up to 20 bmc/y in second stage.

He also said that total volume of gas extraction from the Shah Deniz field since beginning of development in December 2004 till November 1, 2015 reached 66 bcm.

He said at present 29 mcm/d of gas is extracted from 7 operational wells on the Shah Deniz field (Phase 1).

The project partners include BP (operator with 28.8%), Petronas (15.5%), SOCAR (16.7%), Lukoil (10%), NICO (10%) and TPAO (19%).