BAKU, Azerbaijan, June 2. The Shah Deniz field
will remain a backbone of the region's energy system for the
upcoming decades, bp's Regional President for Azerbaijan, Georgia,
and Türkiye, Gio Cristofoli, said at a session on"Executive Talks:
Leadership Perspectives on Energy Transition and Future Strategies"
within the framework of Baku Energy Week, Trend reports.


"The Shah Deniz field remains a key element of the region's
energy security, and further investment and the introduction of new
technologies will ensure its effective development in the long
term," he explained.


According to him, Azerbaijan possesses a number of advantages
that allow it to be considered a global energy hub for decades to
come. Among these, he noted its strategic geographic location,
developed infrastructure, favorable business environment, and high
level of human capital.


"Our drilling, geology, commercial, and engineering specialists
support not only projects in Baku but also many of the company's
activities in other countries," Cristofoli said.


He emphasized that the Shah Deniz field is a shining example of
the potential of Azerbaijan's energy sector.


"This is the foundation of energy security. The field's reserves
amount to 28 trillion cubic feet of gas. For comparison, this
volume is enough to meet the needs of the entire UK for 10 years,"
he noted.


Christofoli reported that bp continues to invest in increasing
the field's reserve recovery rate.







"In particular, the company is implementing a program to drill
new wells and is investing $2.9 billion in the construction of a
compressor complex," he said.


According to him, the facility will be fully electrified and
will be the first structure of such complexity in the Caspian.


Speaking about technology, Cristofoli noted that its
effectiveness depends on its combination with qualified personnel
and integration into production processes.


"For the first time in the Caspian Sea, we have implemented a
new technology that allows for very precise pressure control. This
is an example of how technology helps unlock the resource potential
of fields," he said.


Cristofoli noted that significant reserves, investments in
improving production efficiency, the implementation of advanced
technologies, and the continued development of human resources will
allow Shah Deniz to remain the backbone of the energy system for
decades to come.