Shahdaniz produced 2bn cubic meters in Jan.-March
Azerbaijan’s giant Shahdaniz field in the Caspian Sea produced
about 2 billion cubic meters (more than 70 billion cubic feet) of
gas and 0.54 million tones (around 4.3 million barrels) of
condensate during the first three months of 2010. The figures
amount to about 22m cubic meters of gas per day and about 47.500
barrels of condensate per day, said BP Azerbaijan, which operates
the project.
For the full year BP Azerbaijan plans to produce 7.6 billion cubic meters of gas and 2.01 million tons (around 16 million barrels) of condensate.
Since the start of Shahdaniz production in late 2006 till the end of the first quarter of 2010 about 39.34 million barrels (about 4.98 million tons) of Shahdaniz condensate was exported to world markets.
Production will increase as new platform-drilled wells are brought on stream over the next few years. The
peak in Shahdaniz production is projected at 8.6bn cu. m. a year during Phase 1 of the project.
During the first quarter the field continued to produce from four wells to off-take points in Azerbaijan, Georgia and the Turkish border. The gas from Shahdaniz Stage 1 continues to be sold to Azerbaijan, Georgia’s GOGC company, Botas, the state-owned operator of Baku-Tbilisi-Ceyhan (BTC) pipeline's Turkish segment, and the BTC Company, the international consortium that runs the BTC pipeline.
During the first quarter Shahdaniz spent $42.8 million in operating expenditure and $75 million in capital expenditure. For the full year BP Azerbaijan is planning to spend $177.8 million in operating expenditure and $604.8 million in capital expenditure on Shahdaniz activities.
Azerbaijan produces most of its gas from the Shahdaniz field, which holds estimated reserves of 2 trillion cubic meters. During Phase 2 of Shahdaniz development, scheduled to begin in 2012-2013, gas exports are planned to a number of countries, including European markets.
Shahdaniz participating interests are: BP (operator – 25.5%), Statoil (25.5%), SOCAR (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).*
For the full year BP Azerbaijan plans to produce 7.6 billion cubic meters of gas and 2.01 million tons (around 16 million barrels) of condensate.
Since the start of Shahdaniz production in late 2006 till the end of the first quarter of 2010 about 39.34 million barrels (about 4.98 million tons) of Shahdaniz condensate was exported to world markets.
Production will increase as new platform-drilled wells are brought on stream over the next few years. The
peak in Shahdaniz production is projected at 8.6bn cu. m. a year during Phase 1 of the project.
During the first quarter the field continued to produce from four wells to off-take points in Azerbaijan, Georgia and the Turkish border. The gas from Shahdaniz Stage 1 continues to be sold to Azerbaijan, Georgia’s GOGC company, Botas, the state-owned operator of Baku-Tbilisi-Ceyhan (BTC) pipeline's Turkish segment, and the BTC Company, the international consortium that runs the BTC pipeline.
During the first quarter Shahdaniz spent $42.8 million in operating expenditure and $75 million in capital expenditure. For the full year BP Azerbaijan is planning to spend $177.8 million in operating expenditure and $604.8 million in capital expenditure on Shahdaniz activities.
Azerbaijan produces most of its gas from the Shahdaniz field, which holds estimated reserves of 2 trillion cubic meters. During Phase 2 of Shahdaniz development, scheduled to begin in 2012-2013, gas exports are planned to a number of countries, including European markets.
Shahdaniz participating interests are: BP (operator – 25.5%), Statoil (25.5%), SOCAR (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).*
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