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Exploration in the South Caspian basin discovered the giant Shah Deniz gas condensate field in 1999. With an<br>estimate of greater than 30 trillion cubic feet of gas originally in place, Shah Deniz is in a unique position to<br>allow Azerbaijan to become a significant exporter of gas. Due to its size, Shah Deniz is being developed in two<br>stages. Through this staged development, considerable progress in reservoir understanding has been achieved,<br>particularly in the areas of reservoir connectivity and hydrocarbon distribution.