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07.05.2010 11:17

DAILY PRODUCTION FROM AZERBAIJANS SHAH DENIZ GAS CONDENSATE FIELD INCREASES TO 22 MILLION CU M

The partnership on development of gas condensate field Shah Deniz in Azerbaijani sector of the Caspian (consortium led by BP Azerbaijan) increased gas production in the first quarter of 2010.

BP Azerbaijan reports that summarizing the results of the first quarter of 2010, Shah Deniz production was 22 million cu m per day (about 780 million cubic feet per day) of gas and about 47,500 barrels of condensate per day.

Following the results of the past year, Shah Deniz production was 16.9 million cu m per day (about 597 million cubic feet per day) of gas and about 35,800 barrels of condensate per day. The figures are much lower than production in the 2nd quarter (664 million cubic feet or 19 million cu m and 45,000 barrels respectively) and 1st quarter (800 million cubic feet or 22 million cu m and 45,000 barrels) of 2009.

As a result, in 2009 gas production totaled around 6.2 bn cu m (218 bn cubic feet) of gas and about 1.7 million tons of condensate versus 7.1 bn cu m of gas and 1.8 million of condensate in 2008 . Target for 2009 was 7.5 bn cu m of gas and 1.9 million tons of condensate.

In 2010, it is expected to extract 7.6 bn cu m (269 bn cubic feet) of gas and 2.01 million tons of condensate.

The gas from Shah Deniz Stage 1 continues is sold to Azerbaijan, the Georgian Oil and Gas Corporation (GOGC), BOTAS and the BTC Company.

Shah Deniz project partners are: BP (operator 25.5%), StatoilHydro (25.5%), SOCAR (10%), LUKOIL (10%), NICO (10%), Total (10%) and TPAO (9%).

Fineko/abc, 06.05.2010

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