BAKU, Azerbaijan, August 1. In the first half of 2024, bp and its co-venturers spent around $1.251 billion in operating expenditure and around $407 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project, Trend reports citing bp.
This is while in the first half of 2023, the opex and capex on Shah Deniz stood at $1.208 billion and $408 million, respectively. As such, the operating expenditure grew by 3.6 percent, while the capital expenditure decreased by 0.2 percent.
During the first six months, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to Azerkontrakt), Georgia (to GOGC), Türkiye (to BOTAS), BTC in multiple locations and to buyers in Europe.
The existing Shah Deniz facilities’ production capacity is currently about 80.7 million standard cubic metres of gas per day or approximately 29.5 billion standard cubic metres per year.
Shah Deniz participating interests are: bp (operator – 29.99%),
SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO
(10.00%).
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