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Russia doesn't fear Azeri gas, scholar says

Russia doesn't fear Azeri gas, scholar says

BAKU, Azerbaijan, Oct. 20 (UPI) --Trade deals between Russia, Turkey and Azerbaijan should ease Kremlin concerns about Baku's energy agreements with Europe, an Azeri scholar said.
Daniel J. Graeber
Azeri gas line contracts signed in Turkey

Azeri gas line contracts signed in Turkey

ANKARA, Turkey, Oct. 15 (UPI) --The State Oil Co. of Azerbaijan Republic announced it signed contracts in Turkey for the construction of the Trans-Anatolian natural gas pipeline.
Daniel J. Graeber
Helge Lund leaves Statoil for BG Group

Helge Lund leaves Statoil for BG Group

STAVANGER, Norway, Oct. 15 (UPI) --Helge Lund, president and chief executive officer of Norwegian energy company Statoil, announced Wednesday he's leaving to lead British company BG Group.
Daniel J. Graeber
New player joins European gas pipeline consortium

New player joins European gas pipeline consortium

BAAR, Switzerland, Sept. 30 (UPI) --Spanish energy company Enagas said Tuesday it signed up as a partner for the Trans Adriatic Pipeline for European natural gas needs, project developers said.
Daniel J. Graeber
Ground broken on Azeri gas pipeline for Europe

Ground broken on Azeri gas pipeline for Europe

BAKU, Azerbaijan, Sept. 22 (UPI) --British energy company BP said it started a new chapter in its relationship with Azerbaijan by holding a groundbreaking for a new gas pipeline for Europe.
Daniel J. Graeber
BP, SOCAR sign workforce documents

BP, SOCAR sign workforce documents

BAKU, Azerbaijan, Sept. 2 (UPI) --Azerbaijan and BP announced plans to build a national workforce to help develop the country's oil and gas industry, officials said.
Daniel J. Graeber
Baku, Tehran sign energy agreements

Baku, Tehran sign energy agreements

TEHRAN, Aug. 22 (UPI) --Azerbaijan said it signed a memorandum of understanding to broaden energy ties in the Iranian oil and natural gas sector.
Daniel J. Graeber
Turkey takes bigger stake in Azeri gas project

Turkey takes bigger stake in Azeri gas project

ANKARA, Turkey, Aug. 22 (UPI) --State-run Turkish Petroleum Corporation said it secured $1 billion in loan agreements to take on French energy company Total's stake in an Azeri gas project.
Daniel J. Graeber
Iran jockeys for better energy ties with Azerbaijan

Iran jockeys for better energy ties with Azerbaijan

BAKU, Azerbaijan, Aug. 8 (UPI) --An Iranian official said Friday during talks in Azerbaijan both sides could work together on energy issues possibly extending into the European economy.
Daniel J. Graeber
Petrofac nabs $8.5M Shah Deniz contract

Petrofac nabs $8.5M Shah Deniz contract

LONDON, July 29 (UPI) --British energy services company Petrofac said Tuesday it won an $8.5 million contract for pipelines tied to the Shah Deniz gas field offshore Azerbaijan.
Daniel J. Graeber
Trans-Adriatic Pipeline gaining momentum

Trans-Adriatic Pipeline gaining momentum

ZUG, Switzerland, July 25 (UPI) --The group planning a 540-mile natural gas pipeline through southern Europe said Friday it issues its next contract notice for the project's construction.
Daniel J. Graeber
Statoil to cut more than 1,000 jobs

Statoil to cut more than 1,000 jobs

STAVANGER, Norway, July 25 (UPI) --Norwegian energy company Statoil, one of the largest in the world, said Friday it was cutting as many as 1,400 positions in an effort to trim costs.
Daniel J. Graeber
Europe leans on Azerbaijan for gas security

Europe leans on Azerbaijan for gas security

BAKU, Azerbaijan, June 16 (UPI) --Building a gas corridor from Azerbaijan is just as vital for European energy security as it is for Azeri economic development, European leader said in Baku.
Daniel J. Graeber
TAP pipeline for southern Europe seeking bids

TAP pipeline for southern Europe seeking bids

ZUG, Switzerland, June 5 (UPI) --Potential contractors for the planned Trans-Adriatic pipeline for Europe need to demonstrate "very specific expertise," the project consortium said Thursday.
Daniel J. Graeber
TAP pipeline progressing amid shakeup

TAP pipeline progressing amid shakeup

ZUG, Switzerland, June 4 (UPI) --The Trans-Adriatic gas pipeline for Europe is still moving forward despite decisions from influential stakeholders to leave, a project spokesperson said.
Daniel J. Graeber
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Wiki

Shah Deniz gas field is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately 70 kilometres (43 mi) southeast of Baku, at a depth of 600 metres (2,000 ft). The field covers approximately 860 square kilometres (330 sq mi). The Shah Deniz gas and condensate field was discovered in 1999. It is to bring gas into Europe without having to traverse countries like Russia or Iran, deemed to be politically unreliable by some in order to promote their projected Nabucco pipeline.

The Shah Deniz field is operated by BP which has a share of 25.5%. Other partners include Statoil (25.5%), SOCAR (10%), Total S.A. (10%), LukAgip, a joint company of Eni and LUKoil (10%), NIOC (10%), and TPAO (9%).

The Shah Deniz reserves are estimates to be between 1.5 billion barrels (240,000,000 m3) to 3 billion barrels (480,000,000 m3) of oil equivalent from 50 to 100 billion cubic meters of gas. Gas production to date at the end of 2005 was estimated to be approximately 7 billion cubic meters (600 mmcf/day avg). The Shah Deniz field also contains gas condensate in excess of 400 million cubic meters.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Shah Deniz."
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