39 documents are planned to be signed as part of making of a final investment decision on the Shah-Deniz Phase 2, which is expected on December 17, 2013, SOCAR President Rovnag Abdullayev told journalists on Tuesday.
He said specialists of the companies-partners have been preparing the required documents.
Cost of the Shah-Deniz-2 is estimated at $25 billion, reads the BP (technical operator) report about three quarter results. It is planned to extract the first gas from Shah-Deniz-2 in 2018.
It is planned to extract 16 billion cub.m. of gas during the field development, of which 6 billion cub.m. will be transported to Turkey and 10 billion cub.m. to Europe. About 360 billion cub.m. of gas is planned to be extracted during the entire period of the Shah-Deniz-2 development. The similar showing for the Shah-Deniz-1 is 178 billion cub.m.
The partners of the project are BP (operator) – 25,5%, Statoil – 25.5%, SOCAR – 10%, NICO – 10%, Total – 10%, LUKoil - 10 % and TPAO – 9%. The contract expires in October 2036.—0—
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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