BP: SHAH DENIZ BEGINS EVALUATING FINAL GAS TRANSPORTATION OFFERS

     (The following press release from BP was received by e-mail. It was not 
confirmed by the sender.) 
Please find attached a press release issued by the Shah Deniz consortium
in Baku yesterday. 
Regards, 
BP Press Office 
1 St. James's Square 
London SW1Y 4PD  
BP International Limited. Registered office: Chertsey Road, Sunbury on
Thames, Middlesex, TW16 7BP. Registered in England and Wales, number
542515 
1 April, 2013 
Shah Deniz Begins Evaluating Final Gas Transportation Offers 
The Shah Deniz consortium has begun evaluating final offers it has
received from the Nabucco Gas Pipeline International and Trans Adriatic
Pipeline (TAP) for transportation of Shah Deniz Stage 2 gas to Europe.
The submissions allow the Shah Deniz consortium to conduct the final
evaluation of each of the transportation options and make an informed
decision on the preferred export route to Europe. The final decision on
the European pipeline is expected to be made by end of June 2013.  
The transportation offers include substantial information about the
technical, regulatory, financial and other aspects of the Nabucco West
and TAP projects. The consortium now enters a phase of detailed
evaluation during which the offers will be assessed against the publicly
communicated selection principles. Those are: commerciality, project
deliverability, financial deliverability, engineering design, alignment
and transparency, operability, scalability and public policy
considerations. Clarification meetings will be held with each of the
pipeline companies. 
The transportation offers are expected to become legally binding by end
of April 2013. In the next month the Shah Deniz consortium also expects
to receive binding gas sales offers from potential gas buyers in Europe. 
Notes for Editors: 
The Shah Deniz Stage 2 project will bring gas from the Caspian Sea to
markets in Turkey and Europe, opening up the 'Southern Gas Corridor'.
Shah Deniz Stage 2 is expected to add a further 16 billion cubic meters
per year (bcma) of gas production to the approximately 9 bcma from Shah
Deniz Stage 1.  
This Stage 2 development of the Shah Deniz field, which lies some 70
kilometres offshore in the Azerbaijan sector of the Caspian Sea, is
expected to include two new bridge-linked production platforms; 26
subsea wells to be drilled with 2 semi-submersible rigs; 500 km of
subsea pipelines built at up to 550m of water depth; a 16 bcma upgrade
for the South Caucasus Pipeline (SCP); and expansion of the Sangachal
Terminal. Further pipelines will be built and expanded to transport Shah
Deniz gas through Turkey and Europe. 
Further Enquiries: 
For further information please contact: 
Nizameddin Guliyev, SOCAR Press Office, telephone: (+994 12) 521 01 29; 
Tamam Bayatly, BP Baku Press Office, telephone: (+994 12) 437 75 73;
 
 
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