(The following press release from BP Plc was received by e-mail. The
sender verified the statement.)
2 May, 2013
Shah Deniz Begins Evaluating Binding Transportation Bids
The Shah Deniz consortium has begun evaluating binding transportation
offers from the two pipeline consortia offering to carry gas from the
Shah Deniz field in Azerbaijan into Europe. This represents another
important milestone in the realisation of the Southern Gas Corridor. The
two consortia, Nabucco Gas Pipeline International and Trans Adriatic
Pipeline (TAP), have been in extensive negotiations with the Shah Deniz
consortium following delivery of their initial gas transportation offers
at the end of March 2013.
Those offers have now been approved by their shareholders and have
become final and binding.
Furthermore, the consortium also received gas sales offers for more than
30 billion cubic metres of gas a year (BCMA) from more than 15 different
gas buyers across Europe. The gas sales offers will be considered
alongside the transportation offers to determine the commerciality of
the pipeline options and the respective markets.
Nabucco Gas Pipeline International and Trans Adriatic Pipeline (TAP) are
offering to carry 10 BCMA of gas to different markets in Central and
Southern Europe. The Shah Deniz consortium is currently finalising its
assessment of these offers.
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.
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 7573;
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