Baku: bp is investing $2.9 billion in the Shah Deniz gas field, which could meet the United Kingdom's gas demand for approximately 10 years, stated Giovanni Cristofoli, bp's regional president for Azerbaijan, Georgia, and Trkiye, during the Baku Energy Forum.

According to Azeri-Press News Agency, Cristofoli highlighted the importance of Shah Deniz as a key element of energy security for Azerbaijan and the surrounding region. He explained that the field's gas reserves stand at 28 trillion cubic feet, a volume sufficient to cover the UK's gas needs for a decade.

Cristofoli mentioned that bp is making continuous investments to optimize the field's resource usage. As part of the project, new wells are being drilled. A significant portion of the investment, totaling $2.9 billion, is allocated to the installation of a compressor platform at Shah Deniz. This platform will be fully electrified and operated without human presence, marking the first of its kind in the Caspian Sea in terms of complexity.

He further added that these investments are designed to enhance the efficient development of the field's reserves and to ensure the sustainability of its production over the long term.