Shah Deniz is a producing conventional gas field located in deepwater in Azerbaijan and is operated by BP. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Shah Deniz, with water depth of 1,294 feet. Buy the profile here.
An expansion project is associated with the Shah Deniz, namely the Shah Deniz 3. This project is currently in the feed stage, expected to start in 2030.
Field participation details
The field is owned by BP, Lukoil Oil, National Iranian Oil, Others, State Oil Company of the Azerbaijan Republic and Turkiye Petrolleri Anonim Ortakligi.
Production from Shah Deniz
The Shah Deniz conventional gas field recovered 28.52% of its total recoverable reserves, with peak production expected in 2028. The peak production will approximately 112.48 thousand bpd of crude oil and condensate and 2,509.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2074. The field currently accounts for approximately 45% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3,493.18 Mmboe, comprised of 609.24 Mmbbl of crude oil & condensate and 17,303.59 bcf of natural gas reserves. Shah Deniz conventional gas field reserves accounts 1.19% of total remaining reserves of producing conventional gas fields globally.
Contractors involved in the Shah Deniz conventional gas field
Some of the key contractors involved in the Shah Deniz project as follows.
Design/FEED Engineering: KBR
Other Contractors: KBR, Global Energy Solutions and Frenstar
BP Plc (BP) is an integrated oil and gas company. Its upstream operations include exploration, development and production of oil and natural gas, field development and production; and midstream operations include transportation, and marketing and trading of natural gas, including liquefied natural gas (LNG), and natural gas liquids (NGLs). The company’s downstream operations include marketing, transportation, refining, manufacturing, supply and trading of crude oil, petroleum, petrochemical products and provision of related services to wholesale and retail customers. BP provides fuel, energy, lubricants and petrochemicals to customers. The company has operational presence in Africa, Asia, Europe, Australasia, North America, and South America. BP is headquartered in London, Greater London, the UK.
For more details on the Shah Deniz Conventional Gas Field, buy the profile here.