As the South Caucasus Pipeline Company (SCPC) announces, from 20 March 2020, technical operatorship of the South Caucasus Pipeline (SCP) has been transferred from BP Exploration (Shah Deniz) Limited to SOCAR Midstream Operations Limited, a fully-owned subsidiary of SOCAR.
Notably, the South Caucasus Pipeline is one of the critical sections of the Southern Gas Corridor.
It happened under a revised SCP Pipeline Owners' Agreement, signed in December 2013 as part of the final investment decision on the Shah Deniz Stage 2 and South Caucasus Pipeline Expansion (SCPX) projects.
Under the agreement, SOCAR is entitled to become the technical operator of SCP on the first anniversary of the SCPX construction completion date.
As News.az reports, the transfer applies to the operation of all dedicated SCP facilities in Azerbaijan and Georgia.
"The facilities that are common to both the Baku-Tbilisi-Ceyhan (BTC) pipeline and SCP will continue to be operated by bp in its capacity as a common operator. There is no change to the operatorship of the Sangachal Terminal, BTC, or the Western Route Export Pipeline (WREP), which will all continue to be operated by BP," News.az reports.
"We have been the commercial operator of SCP since 2015, conducting all commercial operations of the pipeline on a high level. Now SOCAR takes over the technical operatorship of SCP as envisaged in the pipeline owners' agreement,'' President of SOCAR Rovnag Abdullayev said, adding SOCAR and BP will continue to work together during 2020 to implement all aspects of the transition process effectively.
"As an SCPC shareholder, we have always been pleased with the safety of SCP operations, which have been among the best in the industry. We would like to thank bp for their excellent partnership and operatorship. As the new technical operator, we will use our successful international experience and work closely with all of our partners to sustain the high level of safety, reliability, and environmental performance of SCP," Abdullayev stated.
"We welcome SOCAR as the new technical operator of SCP. As the biggest shareholder in Shah Deniz and SCPC, we remain committed to working with SOCAR to ensure continued safe and reliable operation of the pipeline. We believe SOCAR has great experience of safe and efficient project delivery. It was demonstrated during the four years of successful construction followed by the safe operation of TANAP. Besides, SOCAR has been a very effective commercial operator of SCP for nearly five years now. We remain committed to helping SOCAR in the planned management of the change process to ensure that the transition is completed safely and with no impact on the overall gas transportation operations. We are proud of our staff and workforce, whose commitment and dedication have been key to the excellent safety performance of the entire export system. We are confident that with the transfer of operatorship, the same level of commitment to safe operations and the high quality of capabilities of the staff will continue," Gary Jones, BP Regional President for Azerbaijan, Georgia and Turkey stated.
Bela Gelashvili
News Author