TODAY.AZ / Business

BP to suspend gas output from Shah Deniz in 2017

01 December 2016 [16:17] - TODAY.AZ

By Azernews


By Gunay Camal

BP Azerbaijan plans to suspend gas output at the Shah Deniz platform in 2017 due to technical-preventive, repair and adjustment work at the Sangachal terminal.

 Bakhtiyar Aslanbayli, Communications, External Affairs, Strategy & Region Vice President at BP Azerbaijan announced about this on December 1, while talking to reporters.

In 2017, it is planned to carry out repair and adjustment work on a section of the Sangachal terminal, which receives products from the Shah Deniz, the existing installations and connection of new installations as part of the second stage of the field’s development, said Aslanbayli.

“The period of the suspension will be determined later. We try to conduct preventive measures at all our facilities once in two years,” he added.

The work will affect the terminal’s part that is connected to the South Caucasus pipeline, due to which the gas export to Georgia and Turkey will be suspended, said the vice president.

The VP further said that it will be included in the plan of actions and budget for 2017, which is to be approved.

The suspension won’t affect the annual volume of output at the Shah Deniz, noted Aslanbayli.

“The tendency of output increase is being observed at the field,” he said adding that in 2016, gas output will be slightly higher than in 2015.

BP Azerbaijan  is sure that there definitely won’t be any decline in 2017, he noted.

Aslanbayli went on to say that preventive measures haven’t been planned yet for 2017 at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea.

BP is the operator of development projects of the Shah Deniz and ACG.

The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The shareholders in the contract are BP (operator with a stake of 28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).

The Shah Deniz field, discovered in 1999 is estimated to possess reserves standing at 1.2 tcm. The field is located in the Azerbaijan sector of the Caspian Sea, approximately 100km south of Baku and 90 km east-south east of Sangachal in water depths ranging from 50m to 500m. 

Shah Deniz Stage 2 will allow to increase the European energy security by bringing Caspian gas resources to markets in Europe for the very first time through the Southern Gas Corridor.

URL: http://www.today.az/news/business/156523.html

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