Shah Deniz gas field is the largest
natural gas field in
Azerbaijan. It is situated in the South
Caspian Sea, off the coast of Azerbaijan, approximately southeast of
Baku, at a depth of . The field covers approximately . The Shah Deniz gas and condensate field was discovered in 1999. It is to bring gas into Europe without having to traverse countries like
Russia or
Iran, deemed to be politically unreliable by some in order to promote their projected
Nabucco pipeline.
Ownership
The Shah Deniz field is operated by
BP which has a share of 25.5%. Other partners include
Statoil (25.5%),
SOCAR (10%),
Total S.A. (10%), LukAgip, a joint company of
Eni and
LUKoil (10%),
NIOC (10%), and
TPAO (9%).
Reserves
The Shah Deniz reserves are estimates to be between to 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 (600 mmcf/day avg). The Shah Deniz field also contains gas condensate in excess of 400 million cubic meters.
Pipeline
The
South Caucasus Pipeline, which began operation at the end of 2006, transports gas from the Shah Deniz field in the Azerbaijan sector of the
Caspian Sea to
Turkey, through
Georgia.
The associated condensate is mixed with the oil from the ACG field and is transported to
Turkey through
Georgia, along the
Baku–Tbilisi–Ceyhan pipeline.
Recent developments
The Shah Deniz scheme started to produce gas at...
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