Oval Useful news from Azerbaijan and Caucasus
More than 112 billion standard cubic metres (bscm) of natural gas and 27 million tons of condensate have been produced from the Shahdeniz field in the Azerbaijani sector of the Caspian Sea so far, according to BP.
The existing Shah Deniz facilities’ production capacity is currently over 56 million standard cubic metres of gas per day or more than 20 bcma.
Production from Shah Deniz Bravo has been ramping up since the first gas delivery at the end of last July.
During the first half of the year, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC and SOCAR), Turkey (to BOTAS) and to BTC Company in multiple locations.
In the first half of 2019, Shah Deniz spent around $376 million in operating expenditure and $555 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project.
Shah Deniz participating interests are: BP (operator – 28.8 per cent), TPAO (19.0 per cent), AzSD (10.0 per cent), SGC Upstream (6.7 per cent), PETRONAS (15.5 per cent), LUKOIL (10.0 per cent) and NICO (10.0 per cent).
