$200M invested in SCP in Q1

$200M invested in SCP in Q1
  • Clock-gray 11:06
  • calendar-gray 10 May 2017

In the first quarter of 2017, the South Caucasus Pipeline Expansion (SCPX) activities continued successfully along the pipeline route across Azerbaijan and Georgia.


BP-Azerbaijan says overall, 89% of the construction and commissioning scope is already completed.


In Azerbaijan, mainline construction continues with approximately 320km of pipe welded and 263km of backfill complete. All five of the planned horizontal directional drilling activities have also been completed, the last one having been completed in April 2017.


In Georgia, mainline construction is complete with about 62km of pipe welded, coated, lowered into trenches and backfilled.


Hydro-testing of the pipeline is ongoing in both Azerbaijan and Georgia.


Construction works continue at the two compressor stations in Georgia, with 96% progress at the first and 70% at the second station achieved. Both stations are on track for 2018 start up. Metering station (Area 81) construction works are approximately 95% complete and on track for 2017 start-up.


In the first quarter of 2017, SCP spent about $6 million in operating expenditure and around $191 million in capital expenditure.


The pipeline has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkey.


SCP’s daily average throughput was about 21.4 million cubic metres of gas per day during the first three months of 2017.


The SCP Co. shareholders are: BP (28.8 per cent), AzSCP (10.0 per cent), SGC Midstream (6.7 per cent), Petronas (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent). 


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