Shah Deniz is a producing conventional gas field located in deepwater in Azerbaijan and is operated by BP. The field is located in block Shah Deniz, with water depth of 1,294 feet.
An expansion project is associated with the Shah Deniz, namely Shah Deniz 3. This project is currently in the feasibility stage, expected to start in 2030.
Field participation details
The field is owned by BP, Turkiye Petrolleri Anonim Ortakligi, Lukoil Oil, Petroliam Nasional, State Oil Company of the Azerbaijan Republic, Others and National Iranian Oil.
Production from Shah Deniz
The Shah Deniz conventional gas field recovered 21.30% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 118.47 thousand bpd of crude oil and condensate and 2,521 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2069. The field currently accounts for approximately 35% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 3,847.77 Mmboe, comprised of 700.88 Mmbbl of crude oil & condensate and 18,881.31 bcf of natural gas reserves. Shah Deniz conventional gas field reserves accounts 1.25% of total remaining reserves of producing conventional gas fields globally.
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, the UK.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.