Over 10 billion cubic meters of gas produced from Shah Deniz field

So far, volume of gas production from the offshore Shah Deniz gas-condensate field in the Azerbaijani section of the Caspian Sea has totaled billion cubic meters, State Oil Company of Azerbaijan Republic First Vice President on geology, geophysics and development of fields
Khoshbaxt Yusifzade said at the third Caspian oil and gas trade-transport conference in Baku on April 27. Production in this field began in late 2006.

The contract on development of off-shore Shah Deniz field was signed on 4 June 1996. Shah Deniz participating interests are: ?? (operator - 25.5 percent), StatoilHydro (25.5 percent), SOCAR (10 percent), LukAgip (10 percent), NICO (10 percent), Total (10 percent), and TPAO
(9 percent).

Reserves of the field make up 1.2 trillion cubic meters of gas. At present daily production amounts to roughly 22 million cubic meters. But it will be increased to 27 million cubic meters of gas after launching a new well soon.

Gas production at Shah Deniz began in December 2006. Gas is presently transported to Georgia and Turkey via the South Caucasus Pipeline. Gas from the field is exported via the South Caucasus gas pipeline (Baku-Tbilisi-Erzurum).

The first development phase envisages producing an annual 9 billion cubic meters of gas. This volume will be sold to Azerbaijan, Georgia
and Turkey. The production volume in the second phase scheduled for
2014 will increase to 20 billion cubic meters.

/Trend Capital/