BP group okays FEED for second-stage Shah Deniz development

04/30/2012
BP PLC and partners in the Shah Deniz consortium have approved initial work on second-stage development of their giant natural gas and condensate field offshore Azerbaijan in a step that will include selection of an export route across Turkey and into Europe (OGJ, Feb. 6, 2012, p. 108). BP said the group has decided to proceed with front-end engineering and design of a development stage that would add 16 billion cu m/year of gas production to Shah Deniz output, now about 9 billion cu m/year, including about 50,000 b/d of condensate. The field, in 50-500 m of water 70 km southeast of Baku, holds an estimated 30 tcf of gas and condensate. Second-stage development, costing an estimated $25 b...
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