Azeri gas essential for Europe, BP says

BERLIN, May 25 (UPI) -- The Shah Deniz 2 natural gas field in the Azeri waters of the Caspian Sea is key to the development of a major European gas transit network, BP said.

Russia, Bulgaria eye South Stream timeline

MOSCOW, May 17 (UPI) -- Russian natural gas company Gazprom said April contracts with Bulgarian shareholders meant the South Stream natural gas pipeline was moving ahead as planned.

Ankara assumes Nabucco West will win

ANKARA, Turkey, May 16 (UPI) -- Ankara assumes that Nabucco West would be an extension of a natural gas pipeline already planned for the country, an official said.

Nabucco 'convinced' of success

VIENNA, May 15 (UPI) -- The Nabucco natural gas pipeline company said it's "convinced" it will be successful in its bid to secure gas from the Shah Deniz consortium in Azerbaijan.

RWE weighs role in Nabucco pipeline

ESSEN, Germany, May 14 (UPI) -- German energy company RWE announced it was reviewing its role in the planned Nabucco natural gas pipeline for European consumers.

Kiev wants role in Turkish gas pipelines

ANKARA, Turkey, May 8 (UPI) -- Kiev could help with some of the infrastructure associated with a planned natural gas through Turkey, the Ukrainian prime minister told officials in Ankara.

Ankara to sign major gas pipeline MOU soon

ANKARA, Turkey, May 7 (UPI) -- A memorandum of understanding for the 1,240-mile Trans-Anatolian Pipeline should be ratified by the Turkish Parliament in a matter of days, an official said.

Baku, Ankara weighing gas transit projects

BAKU, Azerbaijan, May 2 (UPI) -- Azerbaijan and Turkey aim to sign off on a proposed natural gas corridor for European consumers by the end of June, an Azeri energy executive said.

SEEP, Nabucco proposals expected mid-May

BAKU, Azerbaijan, April 30 (UPI) -- Proposals from competing natural gas pipelines planned to service European consumers are expected by mid-May, a BP official said.

FEED work begins at Shah Deniz 2

BAKU, Azerbaijan, April 18 (UPI) -- Starting FEED work at the Shah Deniz 2 gas field in the Azeri waters of the Caspian Sea means a decision on pipeline routes is forthcoming, a consortium said.

Azerbaijan touts natural gas potential

BAKU, Azerbaijan, April 11 (UPI) -- Azerbaijan is preparing for the development of the second phase of the Shah Deniz gas field and is setting sights on a pipeline for Europe, an official said.

'Momentous' decision reached on Nabucco

VIENNA, April 4 (UPI) -- A decision by the Bulgarian government to declare the Nabucco natural gas pipeline of national importance is "momentous," a director said.

Azeri gas short list expected by June

TBILISI, Georgia, March 29 (UPI) -- Partners working in the Shah Deniz natural gas field in Azerbaijan could make a decision on the short list for gas transit options by June, a BP official said.

Pipeline group offers assessment to Italy

ROME, March 22 (UPI) -- An environmental and social impact assessment for the Trans-Adriatic Pipeline was submitted to Italian authorities, the project company announced.
BP 'pleased' with scaled-down Nabucco

BP 'pleased' with scaled-down Nabucco

BAKU, Azerbaijan, March 16 (UPI) -- British energy company BP said a scaled-down version of the planned Nabucco pipeline was a positive step for the natural gas project.
Page 8 of 14

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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