"It is possible not only through the Shah Deniz field, but also the
block of the Azeri-Chirag-Guneshli fields, as well as other fields,"
Hausken said.
The Shah Deniz field can be catalyst in the chain of the energy
resources transportation not only as part of the South Corridor, but
also in the north direction, he added.
Advance in the relations between Azerbaijan and Turkey accelerates
the negotiation process with potential customer as part of the second
stage of development of the Shah Deniz gas condensate field," Hausken
said.
Azerbaijan can produce over 30 billion cubic meters of gas to be
exported a year within 10-15 years, the president of StatoilHyidro
Azerbaijan believes.
Statoil Hyidro is a commercial operator of the first stage of the
development project of the Azerbaijani offshore Shah Deniz
gas-condensate field.
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 are 1.2 trillion cubic meters of gas.
It is expected to produce 8.6 billion cubic meters of gas as part of the first stage of implementation of the Shah Deniz.
/Trend Capital/
