BAKU, Azerbaijan, March 6. Reliability
indicators for Shah Deniz projects in Azerbaijan remain at 100%,
bp's Regional President for Azerbaijan, Georgia, and Türkiye, Gio
Cristofoli, said during a briefing, Trend reports.
"Activities continue. Firstly, we continue drilling—we plan to
drill approximately six new wells. Secondly, we are making good
progress on the construction of a new facility, Shah Deniz
Compression.
This facility will essentially reduce reservoir pressure and
extract more gas, thereby providing the country with additional
resources," he explained.
Located in the Azerbaijani sector of the Caspian Sea, Shah
Deniz, discovered in 1999, is one of the world’s largest
gas-condensate fields, with an estimated one trillion cubic meters
of gas and 243 million tons of condensate. The effective execution
of the Shah Deniz gas initiative has positioned Azerbaijan as a
prominent player in the global gas export arena.
After the Baku-Tbilisi-Erzurum pipeline was commissioned in
2006, Azerbaijan began exporting natural gas to the Georgian and
Turkish markets.
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