Insight

Shah Deniz Phase Two FID brings clarity to the Southern Corridor

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Report summary

Azerbaijan’s Shah Deniz consortium has taken the much-anticipated Final Investment Decision (FID) on its Phase Two development.  FID was announced alongside a number of other deals that bring greater clarity to Europe’s future Southern Corridor.   SOCAR, Azerbaijan’s state energy company will become the second largest upstream partner after a 10% farm-down by Statoil.  Operator BP also increased its stake in the project, for which the Production Sharing Agreement is to be extended to 2048.

What's included

This report contains

  • Document

    Shah Deniz Phase Two FID brings clarity to the Southern Corridor

    PDF 7.21 MB

Table of contents

  • Setting the stage for the Southern Corridor
    • Southern Corridor participation
    • Southern Corridor route

Tables and charts

This report includes 2 images and tables including:

Tables

  • Shah Deniz Phase Two FID brings clarity to the Southern Corridor: Table 1

Images

  • Shah Deniz Phase Two FID brings clarity to the Southern Corridor: Image 1

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