April 2012 | Seamless Steel Tube & Pipe
BP announces that the Shah Deniz stage II project has entered into the next phase of development: Europe, Middle East and Africa Market Analysis
Since an Inter-Governmental Agreement between the Republic of Turkey and Republic of Azerbaijan, further agreements have been made to allow the Trans-Anatolia Pipeline to pursue transportation options in Turkey.
In mid-April, BP officially announced that they will be pursuing the next phase of the Shah Deniz Stage II project. The next phase includes Front End Engineering and Design (FEED) with an estimated cost of $25 billion. The Shah Deniz Stage II project will bring roughly 16 billion cubic metres of gas each year to Turkey and Europe. This phase will help to solidify potential export routes in the EU and Middle East regions. Initial pipe estimates suggest that the expansion will require an estimated 4000 kilometres of pipeline to Europe and Turkey from the Caspian Sea. According to the press release, the Stage 2 development will include 2 bridge production platforms, 26 subsea wells, 2 semi-submersible rigs, and additional tubing and piping for transportation of the gas to Europe and Turkey. Since an Inter-Governmental Agreement between the...
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