BP stretches out Shah Deniz II 'to 2018'

Shah Deniz: BP-led project now aiming for first gas from second phase in 2018

BP has reportedly said it is now targeting 2018 for the first gas from the second phase of Azerbaijan's Shah Deniz gas project, which was previously slated for the end of 2017.

Al Cook, BP Azerbaijan vice-president, told a news conference in Baku that if all necessary agreements are achieved, "we will target 2018 for first gas (from Shah Deniz II)," Reuters reported.

The British oil major leads the consortium operating Shah Deniz II that also includes Lukoil, Total and Statoil, as well as Azeri state player Socar, Turkiye Petrolleri and Naftiran Intertrade.

Cook said the Shah Deniz consortium planned to invest $10 billion on the Shah Deniz II project.

"Over the next 18 months, in 2013 and the first half in 2014 Shah Deniz plans to make commitments to spend $10…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index