On the evening of Aug.23, BP resumed natural gas production at the Shah Deniz largest gas condensate field in the Azerbaijani sector of the Caspian Sea, stopped earlier due to maintenance work on the platform, head of the press service of the BP-Azerbaijan company Tamam Bayatli told.
The work on the platform was suspended on August 2, 2015 in order to carry out scheduled maintenance.
The contract for development of the Shah Deniz offshore field, which has proven reserves of 1.2 trillion cubic meters of gas, was signed on June 4, 1996.
Participants in the Shah Deniz field development are the State Oil Company of Azerbaijan (SOCAR) with a share of 16.7 percent, British BP (28.8 percent), Turkish TPAO (19 percent), Malaysian`s Petronas (15,5 percent), Iran's NICO (10 percent), Russia's Lukoil (10 percent). –12В--
Economics
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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