Baku, Azerbaijan, May 5
By Maksim Tsurkov - Trend:
The Caspian Shipyard Company has completed modernization of the STB-1 self-propelled barge, which will be involved in the second phase of Azerbaijan's Shah Deniz gas and condensate field's development, a source in the country's oil and gas market told Trend.
The Caspian Shipyard Company is a joint enterprise of Azerbaijan's state oil company SOCAR, Singapore's Keppel Corporation and Russia's Lukoil PJSC and was established in August 1997.
Works on consolidation of the vessel's steel constructions were conducted according to the contract with the BP-Azerbaijan company, which is the vessel's operator.
"All works were completed last week. STB-1 was especially built for transportation and launching the platform's supporting blocks and will be used within the Shah Deniz-2 project," said the source.
The source added that the vessel also has the ability to carry people and equipment.
As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of the Trans-Anatolian Natural Gas Pipeline (TANAP) and Trans-Adriatic Pipeline (TAP).
Shah Deniz Stage 2 will add a further 16 billion cubic meters per year (bcma) of gas production to the approximately 9 bcma produced by Shah Deniz Stage 1.
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