Shah Deniz Oil and Gas Project (Azerbaijan)

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Shah Deniz Oil and Gas Project (Şahdəniz) is an operating oil and gas project in Azerbaijan.


The project consists of the following units:

Shah Deniz Oil and Gas Project is also sometimes referred to as King Sea.

Project Details

Main Data

Table 1: Project-level project details for Shah Deniz Oil and Gas Project

1Final Investment Decision
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Shah Deniz operating[1][2][3][4][5] BP[5] MVM Zrt [5%]; BP PLC [29%]; National Iranian Oil Co [10%]; LUKOIL PJSC [19%]; Türkiye Petrolleri Anonim Ortakligi [19%]; Southern Gas Corridor CJSC [16%][5][6][5][6][5][6][5][6][6][6][7] 1999[5] – 2006[5] conventional[8]

Production and Reserves

Table 2: Reserves of Shah Deniz Oil and Gas Project

million m³ = million cubic meters
million bbl = million barrels of oil
Fuel description Reserves classification Quantity Units Data year Source
condensate reserves 2000.0 million bbl 2021 ​[9]
condensate reserves 1595.93 million bbl 2022 ​[5]
gas reserves 1000000.0 million m³ 2021 ​[9]
gas reserves 1200000.0 million m³ 2022 ​[5]

Table 3: Production from Shah Deniz Oil and Gas Project

million m³/y = million cubic meters per year
million bbl/y = million barrels of oil per year
million m³ = million cubic meters
million bbl = million barrels of oil
Category Fuel description Quantity Units Data year Source
cumulative production condensate 241.89 million bbl 2021 ​[9]
cumulative production gas 140000.0 million m³ 2021 ​[9]
cumulative production gas 157500.0 million m³ 2022 ​[10]
cumulative production condensate 366.5 million bbl 2025 ​[6]
cumulative production gas 243000.0 million m³ 2025 ​[6]
production condensate 24.27 million bbl/y 2021 ​[11]
production gas 22640.0 million m³/y 2021 ​[10]
production oil 27.8 million bbl/y 2021 ​[10]
production condensate 35.0 million bbl/y 2023 ​[1]
production gas 26000.0 million m³/y 2023 ​[1]
production condensate 29.32 million bbl/y 2024 ​[6]
production gas 28000.0 million m³/y 2024 ​[6]
production design capacity condensate 18.25 million bbl/y 2021 ​[11]
production design capacity gas 21170.0 million m³/y 2021 ​[11]
production design capacity gas 28105.0 million m³/y 2023 ​[1]
production design capacity gas 28835.0 million m³/y 2024 ​[12][4]

Location

Table 4: Project-level location details for Shah Deniz Oil and Gas Project

Concession/Block Location Onshore/Offshore Coordinates (WGS 84)
Shah Deniz[8] offshore, Azerbaijan[13] offshore[4] 39.937, 50.377 (exact)[13]

The map below shows the exact location of the project:

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Articles and Resources

Additional Data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.

References

  1. ↑ 1.0 1.1 1.2 1.3 (PDF) https://web.archive.org/web/20240612214136/https://www.bp.com/content/dam/bp/country-sites/en_ge/georgia/home/pressreleases/2023%2520full%2520year%2520results.pdf. Archived from the original (PDF) on 12 June 2024. {{cite web}}: Missing or empty |title= (help)
  2. ↑ https://web.archive.org/web/20240120042714/https://www.theguardian.com/environment/2024/jan/08/cop29-host-azerbaijan-to-hike-gas-output-by-a-third-over-next-decade. Archived from the original on 20 January 2024. {{cite web}}: Missing or empty |title= (help)
  3. ↑ https://web.archive.org/web/20240115012930/https://www.spglobal.com/commodityinsights/en/ci/research-analysis/will-azerbaijan-meet-europes-2027-gas-demand-deadline.html. Archived from the original on 15 January 2024. {{cite web}}: Missing or empty |title= (help)
  4. ↑ 4.0 4.1 4.2 (PDF) https://www.gecf.org/_resources/files/pages/global-gas-outlook-2050/gecf_ggo2024_9th_edition.pdf. {{cite web}}: Missing or empty |title= (help)
  5. ↑ 5.00 5.01 5.02 5.03 5.04 5.05 5.06 5.07 5.08 5.09 https://web.archive.org/web/20221127022240/https://minenergy.gov.az/az/qaz/sahdeniz-yatagi. Archived from the original on 27 November 2022. {{cite web}}: Missing or empty |title= (help)
  6. ↑ 6.00 6.01 6.02 6.03 6.04 6.05 6.06 6.07 6.08 6.09 https://www.bp.com/en_az/azerbaijan/home/news/press-releases/Go-ahead-for-next-phase-of-development-of-giant-Shah-Deniz-gas-field.html. {{cite web}}: Missing or empty |title= (help)
  7. ↑ https://www.intellinews.com/hungary-s-mvm-joins-2-9bn-shah-deniz-gas-project-in-azerbaijan-384808/. {{cite web}}: Missing or empty |title= (help)
  8. ↑ 8.0 8.1 https://web.archive.org/web/20240120072218/https://www.offshore-technology.com/marketdata/oil-gas-field-profile-shah-deniz-conventional-gas-field-azerbaijan/. Archived from the original on 20 January 2024. {{cite web}}: Missing or empty |title= (help)
  9. ↑ 9.0 9.1 9.2 9.3 https://web.archive.org/web/20230321103303/https://www.offshore-technology.com/news/bp-production-shah-deniz-ii-azerbaijan/. Archived from the original on 21 March 2023. {{cite web}}: Missing or empty |title= (help)
  10. ↑ 10.0 10.1 10.2 (PDF) https://web.archive.org/web/20240120042742/https://www.socar.az/mediafiles/reports/illik-hesabatlar/en/Annual_Report_2021.pdf. Archived from the original (PDF) on 20 January 2024. {{cite web}}: Missing or empty |title= (help)
  11. ↑ 11.0 11.1 11.2 https://web.archive.org/web/20230126155724/http://www.bp.com/en_az/azerbaijan/home/who-we-are/operationsprojects/shaheniz.html. Archived from the original on 26 January 2023. {{cite web}}: Missing or empty |title= (help)
  12. ↑ https://web.archive.org/web/20240614233636/https://www.offshore-mag.com/production/article/14305977/bp-bp-expands-gas-production-from-shah-deniz-offshore-azerbaijan. Archived from the original on 14 June 2024. {{cite web}}: Missing or empty |title= (help)
  13. ↑ 13.0 13.1 (PDF) https://web.archive.org/web/20210713214854/http://files.hssk.gov.az/hesabatlar/2017/HSS-Summary_Report-2017.pdf. Archived from the original (PDF) on 13 July 2021. {{cite web}}: Missing or empty |title= (help)