BAKU, Azerbaijan, Nov.17
By Leman Zeynalova – Trend:
Shah Deniz field of Azerbaijan has produced more than 130 billion cubic meters of gas and more than 31 million tonnes of condensate since start in 2006 till Q3 2020, Trend reports with reference to BP.
In the first nine months of 2020, the field produced around 13.3 billion standard cubic metres (bcm) of gas and 2.7 million tonnes (21.6 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.
The existing Shah Deniz facilities’ production capacity is currently over 56 million standard cubic metres of gas per day or more than 20 bcma.
In the first three quarters of 2020, Shah Deniz spent about $620 million in operating expenditure and $719 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project.
Deniz participating interests are: BP (operator – 28.8 percent), TPAO (19 percent), AzSD (10 percent), SGC Upstream (6.7 percent), PETRONAS (15.5 percent), LUKOIL (10 percent) and NICO (10 percent).
The Shah Deniz (SD) field was discovered in 1999. Shah Deniz Stage 1 began operations in 2006.
It is located on the deep-water shelf of the Caspian Sea, 70 km south-east of Baku, in water depths ranging from 50 to 500 m.
BP operates Shah Deniz on behalf of its partners in the Shah Deniz Production Sharing Agreement (PSA).
---
Follow the author on Twitter: @Lyaman_Zeyn
