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European companies secure Shah Deniz gas

PARIS, Sept. 20 (UPI) -- Two European energy companies announced they signed contracts to secure natural gas from the Shah Deniz field off Azerbaijan for 25 years.

EIA: Azeri natural gas influential

WASHINGTON, Sept. 11 (UPI) -- Azerbaijan's importance as a natural gas producer and exporter is growing with developments at its Shah Deniz field, the U.S. Energy Department said.

Greece gets gas pipeline assessment

ATHENS, Greece, Aug. 8 (UPI) -- The consortium behind a natural gas pipeline planned for Europe announced it submitted an environmental assessment to Greek authorities.

Energy majors get behind TAP gas project

BAAR, Switzerland, July 30 (UPI) -- The consortium behind the TAP gas pipeline from Azerbaijan said BP, French oil company Total and Azerbaijan's energy company came on board as members Tuesday.

OMV takes one-time loss on Nabucco West

VIENNA, July 25 (UPI) -- Austrian energy company OMV said it had to reduce the value of its assets in its earnings report because of the planned Nabucco West natural gas pipeline.

EU pipeline, TAP, makes Greek headway

ATHENS, Greece, July 3 (UPI) -- The consortium managing the Trans-Adriatic pipeline for Azeri gas said Wednesday it made headway in day-to-day management of the Greek section of the project.

Europe sees need for more gas pipelines

BAKU, Azerbaijan, July 1 (UPI) -- European Energy Commissioner Guenther Oettinger said last week's decision on a pipeline for Azeri natural gas is just the beginning for Europe.

EU welcomes Azerbaijan as new gas partner

BRUSSELS, June 28 (UPI) -- Members of the European Union have a new natural gas partner in Azerbaijan following a decision on a pipeline from the Caspian Sea, an EU leader said Friday.

OMV: Nabucco West loses out

VIENNA, June 26 (UPI) -- Austrian energy company OMV said Wednesday it would work to add diversity to the European natural gas market despite losing a pipeline bid.

Nabucco host countries stand united

VIENNA, June 19 (UPI) -- Support from European countries planning to host the proposed Nabucco West natural gas pipeline is indicative of its viability, an executive said from Austria.

Central European presidents back Nabucco West over TAP rival

BRATISLAVA, Slovakia, June 17 (UPI) -- The presidents of Hungary, Austria, Romania and Bulgaria have urged Azerbaijan to support the proposed Nabucco West natural gas pipeline over a rival project.

Plenty of gas for Europe, Azerbaijan says

VIENNA, June 11 (UPI) -- Azerbaijan is situated to play a vital role in European energy security strategies over the long haul, Azerbaijan Energy Minister Natig Aliyev said.

Azerbaijan has long-term gas prospects

BAKU, Azerbaijan, June 7 (UPI) -- Development of the third phase of the Shah Deniz natural gas reserve offshore Azerbaijan is expected within the next 20 years, an energy analyst said in Baku.

TAP, Nabucco West nod expected soon

BAKU, Azerbaijan, June 5 (UPI) -- A decision on which pipeline would transport natural gas from Azerbaijan to Europe is expected by the end of the month, an Azeri energy company director said.

Nabucco, TAP near finish, but lots of room in EU

VIENNA, May 30 (UPI) -- A BP-led consortium working offshore Azerbaijan is expected to pick between the Nabucco West and Trans-Adriatic natural gas pipelines next month, though there may be enough room for more than one pipeline in the long term.
DANIEL J. GRAEBER, UPI Correspondent
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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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