MAIN CONSTRUCTION WORKS COMPLETE IN SHAHDENIZ
Construction works on Shahdeniz gas and condensate development project will take 865 million dollars in 2006. The construction works to be completed current year on Shahdeniz Project includes completion of sub-sea pipelines, installation of TPG500 platform at sea and conducting tests, completion of mechanical works at Sangachal terminal, start of the tests at South Caucasian Pipeline. The works also include completion of the operation of connection the gas commissioning objects in the territory of Turkey, Georgia and Azerbaijan, the preparation of SCP to receive the first gas, as well as the drilling of SDX-04 appraisal well.
In 2005, the capital expenses within the Project made 1,3 billion dollars, so far, 88 percent of the overall construction works have been implemented.
First gas export form Shahdeniz to world markets is scheduled for September current year.
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