BP starts up Shah Deniz 2 gas development project
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

BP starts up Shah Deniz 2 gas development project

11:23 AM, 2nd July 2018
BP starts up landmark Shah Deniz 2 development in Azerbaijan.
The new pipeline provides a gateway for new supplies of energy into Europe.

LONDON, UK: BP plc and its partners in the Shah Deniz consortium announced the start-up of the landmark Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey.

The BP-operated $28 billion project is the first subsea development in the Caspian Sea and the largest subsea infrastructure operated by BP worldwide. It is also the starting point for the Southern Gas Corridor series of pipelines that will for the first time deliver natural gas from the Caspian Sea direct to European markets.

Shah Deniz 2 is BP’s largest new upstream project in 2018, and, following Atoll in Egypt, is the second of six project start-ups expected for the year. This string of developments will follow from 2017’s seven major project completions and is key to delivering the 900,000 barrels of oil equivalent new production that BP expects from new upstream major projects by 2021.

At plateau, Shah Deniz 2 is expected to produce 16 billion cubic meters of gas per year (bcma) incrementally to current Shah Deniz production. Together with output from the first phase of development, total production from the Shah Deniz field will be up to 26 bcma of gas and up to 120,000 barrels of condensate a day.

Offshore, the Shah Deniz 2 project includes 26 subsea wells, 500km of subsea pipelines and flowlines and two new bridge-linked platforms. Gas is transported onshore through a 85 km pipeline to the Sangachal terminal near Baku, which underwent a major expansion to accommodate the new increased gas output. The project also includes the new South Caucasus pipeline expansion - 428km of new pipeline in Azerbaijan and 59km in Georgia, including two new compressor stations – carrying Shah Deniz gas to Turkey.

The development is a major milestone in the creation of the new Southern Gas Corridor which, once completed, will transport Caspian gas directly into the heart of European markets for the first time. From the South Caucasus pipeline, gas is transported across Turkey through the new Trans-Anatolian Pipeline (TANAP), which was inaugurated earlier this month, and, when complete, the Trans-Adriatic Pipeline (TAP) will then supply gas as far as Greece, Albania and Italy. Commercial deliveries to Europe are expected to commence in 2020.

At peak, the Shah Deniz 2 development, which was sanctioned in 2013, supported more than 30,000 jobs in Azerbaijan and Georgia and in total included over 180 million hours of work.

“Shah Deniz 2 is one of the biggest and most complex new energy projects anywhere in the world, comprising major offshore, onshore and pipeline developments. BP and our partners have safely and successfully delivered this multi-dimensional project as designed, on time and on budget,” said Bob Dudley, chief executive, BP.

“Bringing this huge project online within the schedule and budget we set out at sanction 4½ years ago is further evidence of our focus on efficient and disciplined project execution. As our largest start-up for the year, Shah Deniz 2 is also a very important milestone in delivering our plans for growth, including from our pipeline of new higher-margin projects,” added Bernard Looney, BP’s chief executive, Upstream.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BASF lifts force majeure on animal nutrition products

LUDWIGSHAFEN, GERMANY: BASF SE lifts force majeure for Lutavit A 1000, Lutavit A 500, Vitamin A Palmitate 1.6 Mio I.U./g, Lutavit E 50, ...

Read more
AkzoNobel to upgrade chlor-alkali plant in Rotterdam

AMSTERDAM, NETHERLANDS: AkzoNobel Specialty Chemicals said that it will upgrade its Rotterdam chlor-alkali plant to strengthen development of the loca ...

Read more
ADM to acquire UK based probiotic supplements provider

CHICAGO, US: Archer Daniels Midland Company (ADM) has reached an agreement to acquire Probiotics International Limited (PIL), a UK based provider of p ...

Read more
Total to sell 9.99 pc stake in Dunkerque LNG terminal

PARIS, FRANCE: Total SA has decided to enter into an agreement to sell its 9.99 percent stake in the Dunkerque LNG terminal, as a part of a broader sa ...

Read more
Total partners with Citeo, Saint-Gobain, Syndifrais for polystyrene recycling

PARIS, FRANCE: Citeo, Total, Saint-Gobain and the French Union of Fresh Dairy Product Manufacturers (Syndifrais) are joining forces to help lay the gr ...

Read more
ExxonMobil completes acquiring Indonesian lubricant manufacturer

IRVING, US: ExxonMobil has completed the acquisition of PT Federal Karyatama (FKT), one of Indonesia’s largest manufacturers and marketers ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X