Release date: 27 June 2012
Nizameddin Guliyev, SOCAR Press Office, (+994 12) 521 01 29
Tamam Bayatly, BP Baku Press Office, (+994 12) 437 75 73
BP London press office, +44 20 7496 4076, firstname.lastname@example.org
The Shah Deniz Stage 2 project will bring gas from the Caspian Sea to markets in Turkey and Europe, opening up the ‘Southern Gas Corridor’. The progress made to date allows the consortium to maintain its target for first gas exports from Stage 2 project around the end of 2017.
Shah Deniz Stage 2 is expected to add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcma from Shah Deniz Stage 1.
This Stage 2 development of the Shah Deniz field, which lies some 70 kilometres offshore in the Azerbaijan sector of the Caspian Sea, is expected to include two new bridge-linked production platforms; 26 subsea wells to be drilled with 2 semi-submersible rigs; 500 km of subsea pipelines built at up to 550m of water depth; a 16 bcma upgrade for the South Caucasus Pipeline (SCP); and expansion of the Sangachal Terminal.
Further pipelines will be built and expanded to transport Shah Deniz gas through Turkey and Europe. Any export route selected for export of Shah Deniz Stage 2 gas would need to have the ability to meet all relevant environmental, safety, social, legal and regulatory standards.