The reason for Total's decision to sell out of the Shah Deniz gas field and associated South Caucasus Pipeline in May was a mismatch between the Stage 2 development concept and the French super-major's interests, said exploration and development head Arnaud Breuillac. Turkish state E&P firm TPAO acquired Total's 10% equity in the Caspian Sea field and pipeline for US$1.5 billion, doubling its stake to 20%. BP-operated Shah Deniz is currently producing 1.0 Bcfd......
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