Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Tuesday, February 11, 2025

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.

BP currently operates 21 gas wells in Shah Deniz, which is developed by a BP-led consortium and which is critical to Azerbaijan's commitment to boost gas exports to the European Union, providing an alternative to dwindling Russian supplies.

Under a 2022 deal, Azerbaijan is expected to double its exports to the EU to at least 20 billion cubic metres a year by 2027.

Bakhtiyar Aslanbayli BP's vice president for the Caspian region, told Reuters in an interview that last year the field's output increased to around 28 billion cubic metres in 2024 from around 26 bcm in 2023. Current output averaged 76 million cubic metres per day, while the field's total capacity was 79 million cubic metres per day.

"We plan to put into production six more wells in this field in the coming years, which will help maintain a plateau for several years," he said.

Last month, gas flows from Azerbaijan to Bulgaria and Serbia were halted for several days due to a technical problem with the subsea condensate export pipeline connecting the Shah Deniz Alpha platform, one of two platforms at Shah Deniz, to the Sangachal terminal.

Aslanbayli said the company did not plan to stop platforms for planned maintenance this year.

BP, which also produces oil in Azerbaijan, last year started production at a new Azeri Central East (ACE) offshore platform in the Caspian Sea. The new development aims to help counter a decline in output at the Azeri–Chirag–Gunashli (ACG) complex of offshore oilfields, also operated by BP, which has passed its peak of 50 million metric tons, or 1 million barrels per day (bpd), in 2010.

Azerbaijan's oil output is expected to be 29 million tons per year both in 2024 and 2025, or 580,000 bpd.

Aslanbayli said АСЕ produced 4 million barrels (10,000 bpd on average) in 2024 and it will increase output as more wells are drilled in 2025.

"This is helpful, as we work to slow down the natural decline and maximize recovery from ACG," he said.


(Reuters - Reporting by Nailia Bagirova; Olesya Astakhova; writing by Vladimir SoldatkinEditing by Tomasz Janowski)

Categories: Industry News Activity Europe Production Asia Caspian Sea Oil and Gas

Related Stories

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Petrovietnam, Partners Sign PSC for Block Off Vietnam

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Turkey Discovers New Black Sea Gas Reserve

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

CNOOC Starts Production at Two New Oil and Gas Projects

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com