Shah Deniz 2009 Output Forecast Lowered To 7.2 BCM - Source
September 16 2009 - 6:53AM
Dow Jones News
Production at the BP PLC (BP)-led Shah Deniz field in the
Caspian offshore will total 7.2 billion cubic meters this year,
down from an earlier forecast of 7.5 billion, an official at
Azerbaijan's state oil company said Wednesday.
Last month, BP said output at the field would reach 7.5 billion
cubic meters of gas and 1.9 million tons of condensate this
year.
All production at the Shah Deniz field - a joint project between
BP, Total S.A. (TOT), StatoilHydro ASA (STO), OAO Lukoil Holdings
(LKOH.RS) and the Azerbaijani state oil company Socar - was halted
for one week on Sept. 13 due to planned maintenance, said the Socar
official, who asked not to be named.
Due to the maintenance work, the flow of gas through the
Baku-Tbilisi-Erzerum pipeline to Georgia and Turkey has been
stopped completely, the official said.
Production from the Shah Deniz field totaled 3.4 billion cubic
meters of gas and 900,000 metric tons of condensate in the first
six months of 2009.
Company Web site: www.socar.az
-By Jacob Gronholt-Pedersen and Aida Sultanova, Dow Jones
Newswires; +7 495 937 8445; jacob.pedersen@dowjones.com