Shah Deniz gas field

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Shah Deniz gas field is the largest natural gas field in Azerbaijan. The Shah Deniz is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately 70 kilometers southeast of Bakubat a depth of 600 metres in the Caspian Sea. The Shah Deniz field covers approximately 860 square kilometers. The Shah Deniz gas and condensate field was discovered in 1999.

The Shah Deniz field is operated by BP Amoco which has a share of 25.5%. Other partners are Statoil Azerbaijan (25.5%), SOCAR Azerbaijan (10%), Elf Petroleum Azerbaijan (10%), LukAgip N.V. (10%), Oil Industries Engineering & Construction (10%), and Turkish Petroleum Overseas Company Limited (9%).

The Shah Deniz reserves are estimates to be between 1.5 to 3 billion barrels of oil, and 50 to 100 billion cubic meters of gas. Gas production at the end of 2005 was estimated to be approximately 7 billion cubic meters. The Shah Deniz field also contains gas condensate in excess of 400 million cubic meters.

The 692km South Caucasus Pipeline planned to be operational by the end of 2006 will transport gas from the Shah Deniz field in the Azerbaijan sector of the Caspian Sea, to Turkey through Georgia, along a Baku-Tbilisi-Erzurum path.