|BP plans to close one of the wells at Shakh Deniz|
|November 19, 2009|
BAKU, Nov 19 (Reuters) - BP-led (BP.L: Quote, Profile, Research, Stock Buzz) group in Azerbaijan plans to shut down one of the five wells at the Shakh Deniz deposit, but reckons the move will not impede stable work at other wells, a spokeswoman for BP-Azerbaijan said on Thursday.
The problematic well was temporarily closed earlier this year due to technical problems, which led to a revision of gas production forecast at Shakh Deniz in 2009 to 7.2-7.5 billion cubic meters (bcm) from 9.0 bcm previously.
"A shutdown of one of the five wells at Shakh Deniz is planned, although work aimed at solving the problem is still under way. The other four wells give high gas discharges," Tamam Bayatly told Reuters.
She said the gas production forecast at Shakh Deniz was revised not just due to technical problems at the well, but also because of a seasonal decline in demand for gas in the summer period. An average production of gas at the deposit in the summer months was 14 mcm per day.
"Now, with the coming cold, demand for gas has increased and production from four wells in total reached 22 mcm per day," Bayatly said.
The Shakh Deniz deposit is co-led by BP and Statoil (STL.OL: Quote, Profile, Research, Stock Buzz). SOCAR, Russia's LUKOIL (LKOH.MM: Quote, Profile, Research, Stock Buzz), France's Total (TOTF.PA: Quote, Profile, Research, Stock Buzz) and Iranian and Turkish firms are also partners in developing the deposit.
The BP-led group produced 4.4 billion cubic metres of gas and 1.2 million tonnes of gas condensate at Shakh Deniz in January-September 2009.
Azerbaijan hosts some of the world's biggest oil and gas developments. It sells output to the domestic market, neighbouring Georgia and Turkey via the Baku-Tbilisi-Erzerum and Baku-Tbilisi-Ceyhan pipelines. Oil is also shipped via Russia's largest Black Sea port, Novorossiisk. (Reporting by Lada Yevgrashina; writing by Margarita Antidze in Tbilisi; editing by James Jukwey.
© Thomson Reuters 2009. All rights reserved.
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