Sanction on development of Azerbaijan’s ShahDaniz gas structure to be given in November

A sanction to a full-scale development of the second phase of ShahDaniz field, located in the Azerbaijani sector of the Caspian Sea will be given until the end of the year, said Vagif Aliyev, head of SOCAR’s investment department.

To him, the work is currently underway on the second phase of ShahDaniz: “The sanction on full-scale development of the second phase is expected to give in November”.

Remind that, the reserves of ShahDaniz are estimated at 1.2 trillion cubic meters. Mining is currently being implemented in four wells. The partnership for development of ShahDaniz includes: BP (operator - 25,5%), Statoil (25,5%), SOCAR (10%), Lukoil (10%), NICO (10%), Total (10%) and TPAO (9%).


/APA/