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Shahdeniz produces 2.4 bcm of gas in Q1

10 May 2017 10:53 (UTC +04:00)

In the first quarter of 2017, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Turkey (to BOTAS) and to BTC Company in multiple locations.

BP-Azerbaijan told APA-Economics that during the quarter, the field produced about 2.4 billion standard cubic metres (bcm) of gas and 0.6 million tonnes (about 4.6 million barrels) of condensate. This figure was about 2.7 bcm of gas and 0.6 million tonnes (about 5 million barrels) of condensate in the analogical period of 2016.

The existing Shah Deniz facilities’ production capacity is currently 30.0 million standard cubic metres of gas per day or around 10.9bcma.

In the first three months of 2017, Shah Deniz spent approximately $113 million in operating expenditure and about $835million in capital expenditure, the majority of which was associated with the Shah Deniz Stage 2 project. In the first three months of 2016, Shah Deniz spent approximately $116 million in operating expenditure and about $928 million in capital expenditure.

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).