How many wells are currently producing in Shah Deniz?
How many wells are currently producing in Shah Deniz?
19 wells
Out of them, 19 wells are currently producing. Around 96 bcm of Shah Deniz gas have been exported through SCP since the launch of the pipeline in 2006. Capital expenditure in the Shah Deniz project by the end of 1Q 2021 was $27 billion.
Who owns Shah Deniz?
bp
bp operates Shah Deniz on behalf of its partners in the Shah Deniz Production Sharing Agreement (PSA). Shah Deniz is structured as an unincorporated Joint Venture (JV) partnership. bp is the operator of the Shah Deniz JV. Shah Deniz Stage 1 began operations in 2006.
When did the first phase of Shah Deniz come on production?
2006
The first phase of the Shah Deniz field began production in 2006 delivering more than 10 billion cubic metres per annum (bcma) of gas to Azerbaijan, Georgia and Turkey.
When did the second phase of the Shah Deniz development come online?
At peak, the Shah Deniz 2 development, which was sanctioned in 2013, supported more than 30,000 jobs in Azerbaijan and Georgia and in total included over 180 million hours of work.
What is the length km of the pipeline that transports gas to the Sangachal terminal?
The pipeline begins at the Sangachal terminal near Baku and travels through Azerbaijan and Georgia to the Supsa terminal on the Georgian coast of the Black Sea. The length of this pipeline is 829 km. The Azerbaijan International Operating Company (AIOC) owns and operates the pipeline on behalf of the ACG PSA Parties.
Who owns the Caspian pipeline?
The Caspian Pipeline Consortium was initially registered in the Bermuda Islands in 1992. It is split into two companies: CPC-R operates the Russian section of the pipeline and CPC-K operates the Kazakh section. The shareholders of the consortium are: Transneft – 24%
Which country is the 2nd largest oil producer in the world?
Saudi Arabia has the second largest proven oil reserves in the world—some 268 billion barrels, approximately 16 percent of the world’s proven reserves—not to mention significant potential for additional discoveries.
