44:
265:
597:
611:
51:
1305:
584:
was approximately 588,000 barrels per day including 51,000 b/d from platforms of Chirag, 137,000 b/d from platforms of
Central Azeri, 124,000 b/d from platforms of West Azeri, 82,000 b/d from platforms of East Azeri, 117,000 b/d from platforms of Deepwater Gunashli, 77,000 b/d from platforms of West
558:
approved a total of $ 1 billion in both public and private assistance to support the expansion of the Shah Deniz 2 field. The assistance was made up of a $ 500 million private-sector loan to the
Southern Gas Corridor Closed Joint Stock Company and a $ 500 million sovereign-counterguaranteed partial
318:
and some oil companies of foreign countries on June 4, 1996. Azerbaijani
Parliament confirmed the document of “the Exploration, Development, and Production Sharing (PSA)” on October 4, 1996. The Shah Deniz gas and condensate field was discovered in 1999. “An Intergovernmental” Agreement and a “Sale
467:
The Shah Deniz scheme started to produce gas at the end of
December 2006, three months later than expected, and was forced to close briefly in January 2007. Azerbaijan announced that the field had resumed output only to admit that it had been shut down once more, for a few weeks, due to technical
416:) of oil equivalent from 50 to 100 billion cubic meters of gas. Gas production to date at the end of 2005 was estimated to be approximately 7 billion cubic meters or an average of 17 million m (600 million cu ft) per day. The Shah Deniz field also contains
344:
on
September 29, 2001. Some contracts for the construction of the first stage of Shah Deniz were concluded on June 5, 2003, and Construction work for Shah Deniz began at Sangachal Terminal on November 3 of the same year. Construction works for
491:
Key discussions concentrated on the selection of a pipeline to deliver the additional gas from the field to the
European markets. It took years of negotiations to narrow down almost a dozen proposals to the final competing projects,
468:
issues. The shutdown forced
Georgia to buy emergency gas supplies from Russia at a market price. Georgia hopes that production from Shah Deniz will allow the country to decrease its energy — and political — dependence on Russia.
299:, at a depth of 600 metres (2,000 ft). The field covers approximately 860 square kilometres (330 sq mi). Stretching out over 140 square kilometres, the reservoir is similar in size and shape to Manhattan Island.
335:
in Ankara on March 12, 2001. "An
Intergovernmental" Agreement and relevant agreements for the carrying and selling of natural gas were signed by delegates of Azerbaijan and Georgia with participating of President
483:
Shah Deniz-2 discussions started in 2008 with the main topic being the selection of transportation routes for additional gas volumes. Five-year-long, intense negotiations were finalized with the signing of the
540:
The project will include two additional bridge-linked offshore gas platforms, undersea wells, and an expansion of the gas plant at
Sangachal Terminal, at an estimated cost of at least $ 10 billion.
562:
According to the 2017 year-end results, Azerbaijani
Government has paid out more than $ 456 million in operational costs and approximately about $ 1.176 billion in capital costs on the project of
569:
An Agreement (which is amended and restated), was signed between Azerbaijani Government, and some international companies and SOCAR for working together on the project of
870:
976:
751:
383:
sold its 5% share to LUKOIL in June 2004. Later divestitures included pre-FID (Final Investment Decision) in December 2013 sales of 10% of the shares by
781:
1112:
1213:
920:
1102:
374:
1039:
537:
Out of total 10 bcm intended for Europe, 1 bcm will go to Bulgaria and Greece and the rest will go to buyers in other countries, mainly Italy.
845:
388:
366:
1208:
43:
674:
Lukoil increases stake in BP’s Shah Deniz after closing Petronas deal, Offshore Energy, Published on 18-02-2022, Retrieved on 16-11-2022
673:
1255:
1388:
1005:
90:
1071:
685:
387:, to BP and SOCAR who shared them at 3.3% and 6.7% respectively. as well as sale by Total SA in May 2014 its 10% share to Turkish
1275:
895:
1346:
1198:
456:
1341:
934:
1223:
1032:
805:
559:
credit guarantee. This guarantee will back over $ 500 million in commercial loans from a consortium of banks to SCG.
432:, which began operation at the end of 2006, transports gas from the Shah Deniz field in the Azerbaijan sector of the
314:
The Agreement on “the Exploration, Development, and Production Sharing (PSA)” for Shah Deniz area was signed between
952:
727:
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1167:
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624:
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639:
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710:
871:"Shah Deniz major sales agreements with European gas purchasers concluded | Press releases | Media | BP"
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17:
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977:"Azerbaijan and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA"
276:
999:
8:
447:
The associated condensate is mixed with the oil from the ACG field and is transported to
406:
337:
306:, aiming to bring additional and alternative natural gas volumes to EU member countries.
153:
1304:
409:
1137:
1087:
914:
689:
472:
328:
1147:
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899:
602:
452:
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295:, off the coast of Azerbaijan, approximately 70 kilometres (43 mi) southeast of
1326:
1152:
1127:
497:
264:
1122:
573:
and Production Sharing on September 14, 2017, and this contract was confirmed by
543:
The overall cost of Phase 2 expansion, including upstream and midstream stages (
1172:
1117:
1097:
503:
Nine companies agreed to sign a gas sales agreement (GSA) with the consortium:
417:
711:"Official and State Visits of the National Leader of Azerbaijan Heydar Aliyev"
1382:
1313:
1107:
634:
616:
510:
341:
332:
105:
92:
1285:
393:
In October 2014, Statoil sold its remaining 15.5% stake in the project to
1132:
953:"2018.02.16-2017-year-end-results | Business updates | News | BP Caspian"
433:
413:
292:
284:
1260:
1017:
320:
288:
70:
728:"Project timeline | Shah Deniz | Operations and projects | BP Caspian"
1321:
1270:
1265:
394:
935:
ADB Supports $ 1 Billion Financing to Expand Azerbaijan Gas Field'
610:
475:
was fully operational, with all buyers of Shah Deniz taking gas.
384:
806:"Statoil exits Shah Deniz with $ 2.25 billion sale to Petronas"
448:
437:
405:
The Shah Deniz reserves are estimated at between 1.5 to 3
362:
324:
138:
893:
1290:
370:
315:
148:
296:
143:
380:
896:"Investment in Shah Deniz Stage 2 Seen at $ 10 Billion"
358:
133:
377:(10.00%) and Southern Gas Corridor Upstream (6.67%).
592:
361:
which has a share of 29.99%. Other partners include
319:
and Purchase” Agreement were signed by delegates of
686:"Upstream Online.Socar tallies up giant Umid field"
551:pipelines) is estimated to be around $ 45 billion.
1380:
488:(FID) on 17 December 2013 in Baku, Azerbaijan.
302:It is considered to be a founding link for the
1006:Shah Deniz and the South Caucasus gas pipeline
1363:Ministry of Energy of the Azerbaijan Republic
1033:
894:Aida Sultanova; Andrew Langley (2007-10-01).
846:"More trouble for BP as gas scheme is halted"
919:: CS1 maint: multiple names: authors list (
50:
349:started in Azerbaijan on October 14, 2004.
1040:
1026:
843:
808:(Press release). Reuters. 13 October 2014.
744:
515:DEPA Public Gas Corporation of Greece S.A.
471:By July 2007, the Shah Deniz gas plant at
1047:
263:
1276:Caspian International Petroleum Company
887:
836:
420:in excess of 400 million cubic meters.
14:
1381:
462:
1021:
947:
945:
943:
524:Gas Natural Aprovisionamientos SDG SA
357:The Shah Deniz field is operated by
327:with the participation of President
752:"Newsroom - Newsroom - statoil.com"
24:
1224:Trans-Caspian Oil Transport System
940:
848:. London: Guardian. Archived from
25:
1410:
993:
820:"South Caucasus Pipeline Project"
779:
428:The 692 kilometres (430 mi)
1389:Natural gas fields in Azerbaijan
1303:
1281:North Absheron Operating Company
1168:Shallow Water Absheron Peninsula
844:MacAlister, Terry (2007-02-05).
625:Petroleum industry in Azerbaijan
609:
595:
49:
42:
1240:Heydar Aliyev Baku Oil Refinery
1214:Mozdok–Makhachkala–Kazi Magomed
969:
927:
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352:
268:Absheron geologic cross section
812:
798:
773:
720:
703:
678:
667:
291:. It is situated in the South
13:
1:
1002:, Offshore Technology website
660:
585:Chirag during a year (2017).
577:of Azerbaijan on October 31.
397:for a fee of $ 2.25 billion.
27:Azerbaijani natural gas field
1368:State Oil Fund of Azerbaijan
655:Baku-Tbilisi-Ceyhan pipeline
457:Baku–Tbilisi–Ceyhan pipeline
7:
588:
533:Shell Energy Europe Limited
423:
400:
220:3,000 million barrels (~4.1
10:
1415:
1209:Kazi Magomed–Astara–Abadan
521:E.ON Global Commodities SE
478:
309:
1355:
1312:
1301:
1248:
1232:
1181:
1080:
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898:. Rigzone. Archived from
486:Final Investment Decision
412:(240 to 480 million
234:
216:
189:Current production of gas
188:
183:
175:
167:
162:
129:
121:
84:
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66:
37:
32:
630:South Caucasus Pipeline
430:South Caucasus Pipeline
347:South Caucasus Pipeline
556:Asian Development Bank
554:In December 2016, the
280:
269:
235:Estimated gas in place
217:Estimated oil in place
58:Location of Shah Deniz
1399:BP oil and gas fields
650:Azeri-Chirag-Guneshli
582:Azeri Chirag Guneshli
571:Azeri Chirag Guneshli
564:Azeri Chiraq Guneshli
304:Southern Gas Corridor
267:
1204:Baku–Tbilisi–Erzurum
1049:Energy in Azerbaijan
1012:Shahdeniz-2 brochure
580:Total production of
273:Shah Deniz gas field
158:SGC Upstream (6.67%)
1199:Baku–Tbilisi–Ceyhan
463:Recent developments
212: cu ft/a)
176:Start of production
102: /
473:Sangachal Terminal
270:
1376:
1375:
1299:
1298:
1189:Baku–Novorossiysk
1008:, Statoil website
603:Azerbaijan portal
575:National Assembly
283:) is the largest
262:
261:
258: cu ft)
106:39.967°N 50.217°E
16:(Redirected from
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980:. Retrieved
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933:ADB. 2016. '
929:
904:. Retrieved
900:the original
889:
878:. Retrieved
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865:
854:. Retrieved
850:the original
838:
827:. Retrieved
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789:. Retrieved
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455:, along the
446:
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404:
392:
379:
356:
353:Shareholders
338:Shevardnadze
313:
301:
272:
271:
255:
245:
227:
209:
199:
1394:Caspian Sea
1332:Mingechevir
1133:Darwin Bank
1057:Oil and gas
434:Caspian Sea
293:Caspian Sea
285:natural gas
277:Azerbaijani
248: m (42
109: /
85:Coordinates
1383:Categories
1327:Khudafarin
1261:Azerenerji
1194:Baku–Supsa
1163:Shah Deniz
1153:Nakhchivan
1128:Dan Ulduzu
1000:Shah Deniz
982:2018-03-26
962:2018-03-26
906:2008-07-12
880:2018-03-26
856:2008-07-12
829:2023-07-31
791:2018-03-26
766:2018-03-26
737:2018-03-26
696:2010-12-06
661:References
440:, through
373:(14.35%),
369:(19.00%),
365:(19.99%),
321:Azerbaijan
289:Azerbaijan
184:Production
71:Azerbaijan
33:Shah Deniz
18:Shah Deniz
1182:Pipelines
1138:Gum Deniz
937:. Manila.
915:cite news
786:total.com
566:in 2017.
287:field in
168:Discovery
1356:See also
1347:Yenikend
1271:Branobel
1266:Azpetrol
1148:Karabakh
1143:Gunashli
1088:Absheron
1081:Offshore
589:See also
451:through
424:Pipeline
401:Reserves
395:Petronas
281:Şahdəniz
230: t)
156:(10.00%)
151:(14.35%)
146:(19.00%)
141:(19.99%)
136:(29.99%)
130:Partners
122:Operator
80:Offshore
1342:Shamkir
1337:Sarsang
1108:Ashrafi
1065:Onshore
780:Total.
498:Nabucco
479:Phase 2
453:Georgia
442:Georgia
410:barrels
407:billion
385:Statoil
310:History
97:50°13′E
94:39°58′N
67:Country
1123:Chirag
957:bp.com
875:bp.com
824:bp.com
782:"News"
732:bp.com
449:Turkey
438:Turkey
363:LUKoil
342:Aliyev
325:Turkey
139:Lukoil
1291:SOCAR
1118:Bahar
1113:Babek
1098:Azeri
714:(PDF)
640:TANAP
545:TANAP
371:SOCAR
329:Sezer
316:SOCAR
238:1,200
149:SOCAR
1322:Araz
1256:AIOC
1173:Umid
1103:Alov
921:link
547:and
496:and
389:TPAO
375:NIOC
367:TPAO
323:and
297:Baku
179:2006
171:1999
154:NICO
144:TPAO
1093:ACG
645:TAP
549:TAP
494:TAP
436:to
381:Eni
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134:BP
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1027:v
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192:7
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