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BP reduce capital expenditures on South Caucasus pipeline

Oil&Gas Materials 8 May 2009 17:29 (UTC +04:00)

Azerbaijan, Baku, May 8 / Trend /

Currently, the South Caucasus pipeline (Baku-Tbilisi-Erzurum) pumps over 19.8 million cubic meters of gas per day, BP (technical operator) said.

Capital expenditures on the South Caucasus pipeline are expected to total $15 million in 2009 compared to $22 million in 2008.

The pipeline was put into operation in late 2006. The pipeline pumps gas to Azerbaijan and Georgia and Turkey since July 2007 as a part of Shah Deniz II. 

The South Caucasus pipeline has two operators - BP which is responsible for construction and operation of the pipeline and Statoil Hydro which is a commercial operator responsible for development of pipeline's business and administrative issues.

The South Caucasus pipeline shareholders are BP (technical operator - 25.5 percent), StatoilHydro (commercial operator - 25.5 percent), Azerbaijan SCP Limited (10 percent), LUKOIL (10 percent), NICO (10 percent), Total (10 percent) and TRAO (9 percent).

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