OSLO (AFX) – Statoil ASA said it has been named commercial operator for Azerbaijan’s Shah Deniz gas and condensate field in the Caspian. The project has an overall investment budget of US$3.2 billion, with Statoil’s share amounting to US$815 million, it said. Statoil said the field will increase the group’s booked reserves by 85 million…
AZERBAIJAN: Statoil named operator of US$3.2 billion Shah Deniz field
Posted on March 13, 2003 by EnergyAsia