Maximum production from Shah Deniz field expected between 2022 and 2028

The period of maximum gas extraction of 25 billion cub.m. a year from the Shah Deniz field is expected between 2022 and 2028, said SOCAR Senior Vice President for Geology, Geophysics and Field Development Khoshbakht Yusifzada.

“The peak volume of gas extraction of 16 billion cub.m. from the Shah Deniz Phase 2 will be achieved in 2022. Maximum volume of gas extraction of 25 billion cub.m. from Phase 1 an Phase 2 is expected between 2022 and 2028,” added Yusifzada.

He said at the initial stage it is planned to export 10 billion cub.m. of gas from the Shah Deniz Phase 2 to Europe.

“In the future the volume is planned to be increased up to 20 billion cub.m. a year,” Yusifzada said.

He also said that total volume of gas extraction from the Shah Deniz field since beginning of development in December 2004 till November 1, 2015 reached 66 billion cub.m.

“During this period 17 million tons of condensate has been also extracted from the Shah Deniz field,” Yusifzada added.

He said at present 29 million cub.m. of gas and 7,000 tons of condensate a day is extracted from 7 operation wells on the Shah Deniz field.

* The project partners include BP (operator with 28.8%), Petronas (15.5%), SOCAR (16.7%), ЛУКойл (10%), NICO (10%) and TPAO (19%).-0--