Azernews.Az

By Aygul Salmanova

The Shah Deniz 2 project, that’s to say, the second phase of development of Azerbaijan’s Shah Deniz gas and condensate field is on track for start-up in 2018, said BP Group Chief Executive Bob Dudley during the press conference in London.

“Shah Deniz phase 2, part of the Southern Gas Corridor mega-project, is one of the most complex projects we have ever untaken,” he said, adding that it spans six countries, involves 11 shareholder companies, with 176 million manhours worked since FID was taken four years ago.

“Shah Deniz stage 2 is on track for start-up in 2018, currently on time and under budget,” noted Dudley.

Shah Deniz Stage 2 is a giant project that will add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcma produced by Shah Deniz Stage 1.

Shah Deniz Stage 2, one of the largest gas developments in the world, will help increase European energy security by bringing Caspian gas resources to markets in Europe for the very first time. Shah Deniz gas will travel 3,500 kilometres, to elevations of over 2,500 metres, and over 800 metres below the sea.

During the first half of 2017, implementation of the Shah Deniz Stage 2 project continued successfully. The project is now over 95 percent complete in terms of engineering, procurement and construction, and remains on target for first gas from Shah Deniz Stage 2 in 2018.

--

Follow us on Twitter @AzerNewsAz