BAKU, Azerbaijan, March 3. bp is continuing to
expand the Shah Deniz subsea production system, said Stuart Shaw,
bp vice president, production, AGT region, at the 12th Southern Gas
Corridor Advisory Council Ministerial Meeting in Baku, Trend
reports.
“All five subsea flanks are already online. And we plan to bring
six more wells onstream in the coming years. All of this
strengthens supply from Azerbaijan and supports commitments to
regional and European markets,” he said.
Shaw pointed out that Shah Deniz continues to produce gas safely
and efficiently.
“It remains a key pillar of Azerbaijan’s commitments to European
and regional energy markets. This year marks 30 years since the
Shah Deniz Production Sharing Agreement was signed. Last year, Shah
Deniz delivered around 27 billion cubic metres of gas with almost
100% reliability,” said bp’s vice president.
Shaw noted that Shah Deniz also remains bp’s largest gas
producer.
“Its facilities can handle around 77 million standard cubic
metres of gas per day. Following the TAP expansion, Southern Gas
Corridor operators have increased daily flows to Europe to about 12
billion cubic meters per year from 1 January 2026. This capacity is
maintained and utilized today,” he added.
Shah Deniz participating interests are: bp (operator – 29.99%),
LUKOIL (19.99%), TPAO (19.00%), SGC (16.02%), NICO (10.00%) and MVM
(5.00%).
