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Shahdeniz expenditures decline $683M

21 February 2017 13:37 (UTC +04:00)

BP-Azerbaijan told APA-Economics that the field produced about 10.7 billion standard cubic metres (bcm) of gas and 2.5 million tonnes (about 20 million barrels) of condensate in the reporting period. These figures made up 9.9 billion standard cubic metres and 2.3 million tonnes (about 18.3 million barrels) in 2015.

The existing Shah Deniz facilities’ production capacity is currently 30.0 million standard cubic metres of gas per day or around 10.9bcma, while it was 29.5 million standard cubic metres of gas per day or around 10 bcma in 2015.

In 2016, Shah Deniz spent approximately $469 million in operating expenditure and about $3.7 billion in capital expenditure, the majority of which was associated with the Shah Deniz Stage 2 project. In 2015, Shah Deniz spent approximately $482 million in operating expenditure and about $4.37 billion in capital expenditure, the majority of which was associated with the Shah Deniz Stage 2 project.

Shah Deniz participating interests are: BP (operator – 28.8 per cent), AzSD (10.0 per cent), SGC Upstream (6.7 per cent), Petronas (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent).