What's new in production ///
With the continued growth in energy demand and the consequent rise in energy prices, many pipeline projects have been proposed to expand oil and gas delivery to hungry markets around the globe. Many of these projects have now been approved and an update of their progress is in order. Here are a few of the most recent projects.
Baku-Tbilisi-Ceyhan. This 1,768-km (1,098-mi.) pipeline project was completed in June last year to bring Caspian Sea production to Mediterranean markets, and from there to world markets. In a recent news report, a BP official explained that the pipeline’s capacity was on pace to grow to 1.6 million bopd by 2011, from its present 885,000 bopd. The expansion is driven by the Kazakhstan Kashagan field, whose production is being expanded toward a 1 million bopd goal. Kashagan is estimated to hold up to 13 billion boe.
Bulgarian crossroads. Bulgaria’s parliament recently approved two pipeline agreements.
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