Source Pravda.Ru

BP To Delay Caspean Exploration - 20 August, 2002

BG Group PLC said the development of a massive natural gas field in the Caspian Sea is being held up to late October, because of continuing uncertainty over whether the gas can be sold to Turkey.

David Woodward, head of oil major BP's operations in Azerbaijan, said approval for the start of full field development at Shah Deniz was to have been given in July but has now been pushed back to late October.

"There are still a number of issues relating to the Turkish market and the sales and purchase agreement that was signed between Azerbaijan and Turkey last year," Woodward told reporters.

"We need to resolve the issues relating to that agreement before it will be possible to sanction (full field development of Shah Deniz)," he said.

Shah Deniz, which lies in Azerbaijan's sector of the Caspian Sea, contains an estimated 400 billion cubic metres, making it a world-class field and the biggest gas discovery in the Caspian to date.

The consortium comprises BP, which is also the project operator, Azeri state oil company SOCAR, Statoil ASA, TotalFinaElf, Lukoil, OIEC and TPAO.

©

&to=http://www.bp.com' target=_blank>BP

Comments
Elon Musk sells old ideas to NASA under the guise of unprecedented innovations
Elon Musk sells old ideas to NASA under the guise of unprecedented innovations
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Atmosphere above Russia contaminated with radioactive substance
IOC bars Russian athletes, excludes Russian national anthem and flag from Winter Olympics 2018
IOC bars Russian athletes, excludes Russian national anthem and flag from Winter Olympics 2018
Americans force Russia to create weapons even more powerful than S-500
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Serbia forgives USA for 1999 bombings, forgets all victims, holds joint drills with NATO
Atmosphere above Russia contaminated with radioactive substance
Russian general says allegations of his involvement in MH17 crash are stupid
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Russia unveils the date for the launch of the superbridge to Crimea
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Russia on the eve of another Crimea referendum
Russia to install laser navigation system on the Moon
USA looking for reason to see nuclear weapons in action
Russia to build its own terminals in Egyptian airports