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Shah Deniz consortium awards new contracts

01 October 2014 [15:48] - TODAY.AZ

By Aynur Jafarova

The Shah Deniz consortium has awarded two new contracts as part of overall progress of the second stage of development of Azerbaijan's giant Shah Deniz field in the Azerbaijani sector of the Caspian Sea.

"The contracts, which are for subsea flow-line coating and early subsea export line coating, were awarded to Bredero Shaw International B.V," BP said on October 1.

The costs of these contracts are approximately $200 million.

Coating will commence in late 2014, with initial deliveries of coated pipe being available for commencement of the first offshore pipeline installation campaign in 2015, and later deliveries for the second campaign in 2018.

The Shah Deniz field, one of the world's largest gas-condensate fields, was discovered in 1999. Its reserves are estimated at 1.2 trillion cubic meters of gas. Overall, the field has proven to be a secure and reliable supplier of gas to Azerbaijan, Georgia, Turkey, and Europe.

The gas which will be produced at the second stage of Azerbaijan's Shah Deniz field development will be the main source of the Southern Gas Corridor, which envisages the transportation of the Caspian gas to European markets.


/AzerNews/

URL: http://www.today.az/news/analytics/136790.html

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