Shakh-Deniz 2 valued at $25 billion
Edited by Rhod Mackenzie / 2013-11-15 01:16:59
Azerbaijan Oil and Gas Azerbaijan Oil and Gas Transadriatic pipeline TAP BP Gas Oil Rosneft SOCAR Total Oil
The 2nd stage of the Shakh-Deniz gas condensate deposit development is valued by $25 billion, the technical operator BP reports under the results of January – September 2013. This year they are going to invest to the project $1.7 billion. The final investment decision on the project will be agreed in December 2013, and the first gas batch will be extracted in 2018. Within the 2nd stage they are going to extract 16 billion cubic m of gas, compared to 9 billion cubic m, and 6 billion cubic m of the volume will be supplied to Turkey, and 6 billion cubic m will be supplied to Europe.
