Two contracts worth $200M signed within Shah Deniz-2 project
Baku, October 1 (AZERTAC). Two contracts worth $200 million awarded within the second stage of Azerbaijani Shah Deniz gas condensate field development. The contracts, which are for subsea flow-line coating and early subsea export line coating, have been awarded to Bredero Shaw International B.V., according to the report.
Coating will commence in late 2014, with initial deliveries of coated pipe being available for commencement of the first offshore pipeline installation campaign in 2015, and later deliveries for the second campaign in 2018.
On December 17, 2013, a final investment decision was made on the Stage 2 of the Shah Deniz offshore gas and condensate field's development. The gas produced at this field will first go to the European market (10 billion cubic meters). Around six billion cubic meters will be annually supplied to Turkey.
The gas to be produced as part of the Stage 2 of the field's development will be exported to Turkey and to the European markets by means of expanding the South Caucasus Pipeline and construction of the Trans-Anatolian Gas Pipeline (TANAP) and the Trans-Adriatic Pipeline (TAP).
Since the final investment decision last December the Shah Deniz 2 projects have made good progress. Most of the major engineering, construction and supply contracts, valued at some $9 billion, have been awarded and early works already started in most construction areas across Azerbaijan and Georgia.
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