BTC-SAHDENİZ-ACG
PARENT COMPANIES PERCENTAGE
SHARES IN
BTC MEP, %
BTC MEP

BTC MEP. Its length is 1769 km which estimated more than $.4 bln and annual throughput equals to 50 mln. tons. The pipeline is provided for delivery of the ACG-produced oil to the Mediterranean passing through 3 states – Azerbaijan, Georgia and Turkey. Number of the personnel employed for performance of works under the Project, is about 10 ths. people. On 25.05.05 early oil was pumped into the pipeline and it delivered to Ceyhan port on 28.05.2006. Both events were internationally celebrated with the participation of the presidents involved in the Project.
BTC Project facilitated an access to offshores. This pipeline created an alternative route toward oil pipelines leading to the Black Sea via the territory of Russian Federation for oil-producing states of Central Asia. Importance of BTC for both regional oil-producing countires and overseas oil-consuming states is rising year by year. Presently, bilateral negotiations on transportation of one part of Kazakhstan oil through this pipeline have been intensified more.
Up to the present, more than 13 mln. tons of oil was transported via BTC pipeline
.

PARENT COMPANIES PERCENTAGE
SHARES IN SHAH-DANIZ
, %
SHAH-DANIZ

“Shah-daniz” is one of the largest gas fields in the world. Contractual area is about 859.8 km2. Capital expenses to the amount of 4-5 bln. USD are required for implementation of the project.
Operation of this field will enable to meet internal gas demand of the country and to export the excessive oil for the first time in gas history.

In the beginning of 2006 one production platform was installed in contractual area and then in November first gas was produced from well which drilled out of this platform. At the present time, four operation wells have been drilled and only one of them is on-stream. Up to the present, about 280 bln. m3 gas produced from the field.

 

PARENT COMPANIES PERCENTAGE
SHARES IN AZERI-CHIRAQ-GUNASHLI, %
AZERI-CHIRAQ-GUNASHLI

ACG. Contractual area is about 432.4 km2. Presently, oil resources of the field are estimated to the extent of 1.0 bln. tons of nominal fuel unit. Total investment for the contract is about $15 bln. The ACG is one of the largest fields being under development in the country. Day when the Contract signed on – 20 September is celebrated as a Day of oil workers in Azerbaijan.
4 of 5 production platforms foreseen under the Projects have already been brought on-stream, construction works on “Deepwater Gunashli” platform are upon completion. Drilling of about 400 wells was planned according to full field development within the ACG. Up to the present, more than 74 mln. tons of oil and 16 bln. m3 gas were produced from the operating fields. In 2006, 23.3 mln. tons of oil and 4.6 bln. m3 gas were produced from the contractual area. It is intended to raise oil production to 58 mln. tons, and gas production to 15 bln. m3 by 2010 year.

SOUTH CAUCASUS PIPELINE (SCP).

South Caucasus Pipeline (SCP). The SCP was constructed for transportation of one part of “Shah-daniz” field gas (7.7 bln. m3) from Baku to Arzurum city. The pipeline based on 970 km length, 280 bln. m3 gas throughput was laid in parallel with BTC Main Export Pipeline. Construction process commenced in 2004 and completed at the end of 2006. Turkey will purchase 91.0 bln. m3 gas over 15 years as per the Contract. So, the SCP will be connected to internal gas pipeline system from Arzurum city that it would make possible to export the gas of Azerbaijan to Southern European countries by transportation toward west of Turkey. In March 2002, Greece and Turkey signed an intergovernmental agreement on laying a pipeline from Ankara up to Komotini. So, it will be possible to export the gas of Azerbaijan to Turkey and then to Greece, (where annual energy requirement increases 5%) and to Italy, Balkan States and other European countries as well. Having connected to this pipeline Kazakhstan intends to transport the gas to Europe in the future.
On 13.03.2007 early gas of Shah Deniz field was pumped into this pipeline.