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The bp-led Shah Deniz consortium has awarded three main offshore contracts value roughly $700 million to the Saipem and BOS Shelf three way partnership to advance the Shah Deniz Compression (SDC) undertaking within the Caspian Sea. The awards mark a serious step in bp’s plan to broaden gasoline restoration from one of many world’s largest producing fields.
The scope consists of transportation and set up of a brand new 19,000-tonne compression platform and about 26 km of subsea pipelines connecting to present Shah Deniz infrastructure. Fabrication will happen on the Baku Deep Water Jacket Manufacturing facility, whereas offshore work will likely be executed utilizing Azerbaijan’s flagship vessels—the Khankendi subsea development vessel and the Israfil Huseynov pipelay barge—each operated by Saipem.
“By awarding these contracts, we’re making important progress on the Shah Deniz Compression undertaking,” mentioned Matt Kirkham, bp Vice President of Tasks for the Azerbaijan, Georgia and Türkiye area. “The work will totally leverage Azerbaijan’s fabrication capability and native workforce. Between 2026 and 2028, over 3,000 tonnes of subsea constructions will likely be fabricated and put in—showcasing the nation’s world-class offshore functionality.”
The $2.9 billion SDC undertaking represents the following stage of Shah Deniz subject growth, designed to entry low-pressure gasoline reserves and maximize restoration. The brand new electrically powered, usually unattended compression platform will increase gasoline move from the Shah Deniz Alpha and Bravo platforms to the Sangachal terminal, enabling an estimated 50 billion cubic meters of extra gasoline and 25 million barrels of condensate for export. Offshore set up will start in 2026, with completion focused for 2029.
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