UK supermajor BP has made a major gas-condendate discovery at Azerbaijan’s Shah Deniz field in the Caspian Sea.
“Test flows were at the maximum capacity of the on-board equipment of 35 million cubic feet a day,” BP said in a statement released today.
“Results confirm sufficient gas at Shah Deniz for a second stage of development.”
The SDX-04 well was drilled to a Caspian-record depth of more than 7300 metres in the south-western sector of the Shah Deniz field.
The discovery represents a potentially significant find, BP said, adding that there will be appraisal to fully delineate the new structure in the next few years.
BP operates the Shah Deniz partnership with a 25.5% stake. partners include StatoilHydro with 25.5% and Azerbaijan’s Socar, Russian player Lukoil and French giant Total with 10% each.