Azerbaijan reveals volume of gas produced at Shah Deniz since 2006

Baku, Apil 25 - Neftegaz.RU. According to Caspian news, Azerbaijan reached a new milestone in gas production at Shah Deniz, the country’s largest offshore field in the Caspian Sea.

A total of 163.97 billion m³ of gas and 36.94 million tons of condensate have been extracted at the Shah Deniz field since it began operations in 2006.
The announcement was made by Rovshan Najaf, 1^st Vice-President and Acting President of Azerbaijan’s SOCAR.

According to him, the production volume in the Q1 of this year amounted to 6.44 billion m³ (bcm) of gas and 1.15 million tons of condensate.

Shah Deniz is considered one of the world’s largest gas-condensate fields, located on the deepwater shelf of the Caspian Sea, 70 km southeast of Baku.
The field’s largest partner and operator, BP, names it the company’s 2^nd-biggest discovery after the Prudhoe Bay oil field in Alaska.
BP estimates the reserves of Shah Deniz to be about 1.2 trillion m³ (42.38 trillion cubic feet) of gas and 2.2 billion barrels of condensate.

The existing Shah Deniz facilities’ production capacity is currently about 72 million standard m³ of gas per day or more than 26 bcm per annum.

Meanwhile, Azerbaijan’s Energy Minister Parviz Shahbazov has recently said that the country has 2.6 trillion m³ of proven gas reserves, which could be supplied to foreign markets for the decades to come.