Baku, Azerbaijan, May 22
By Maksim Tsurkov – Trend:
The European Bank for Reconstruction and Development (EBRD) is considering financing to Lukoil Shah Deniz for their participation in the Shah Deniz Stage 2 Project, the message of the company said May 22.
This consultation is related only to possible EBRD financing to Lukoil Shah Deniz and is not related to any project decision or activity of the technical operator of the project, BP, according to the message.
It was earlier reported that the European Bank for Reconstruction and Development will allocate syndicated loan within the Shah Deniz-2 project. The exact volume of the loan and the timeframe is yet unknown.
The reserve of Shah Deniz gas and condensate field is estimated at 1.2 trillion cubic meters of gas. The contract for development of the field was signed on June 4, 1996.
The volume of production at Shah Deniz field in the first quarter of 2015 totaled 2.6 billion cubic meters of gas and 0.6 million metric tons of condensate (nearly 5 million barrels), compared to 2.32 billion cubic meters of gas and 0.6 million metric tons of condensate in the same period of 2014.
The shareholders are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Statoil (15.5 percent), Lukoil (10 percent), NICO (10 percent) and TPAO (19 percent).
Edited by CN
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