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.
Table of contents
- Setting the stage for the Southern Corridor
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Renewed focus on TANAP
- Southern Corridor participation
- Southern Corridor route
Tables and charts
This report includes 2 images and tables including:
- Shah Deniz Phase Two FID brings clarity to the Southern Corridor: Table 1
- Shah Deniz Phase Two FID brings clarity to the Southern Corridor: Image 1
What's included
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