Baku, Azerbaijan, Aug. 17
By Maksim Tsurkov – Trend:
Azerbaijan produced 5.1 billion cubic meters of gas and 1.2 million tons of condensate (nearly 9.7 million barrels) from the Shah Deniz gas condensate field in January-June 2017, as compared to about 5.4 billion cubic meters of gas and 1.3 million tons of condensate in the same period of 2016, says a BP report on results of 1H17, issued Aug. 17.
BP Azerbaijan is the Shah Deniz field’s operator.
According to the report, Shah Deniz facilities’ production capacity is currently 30 million cubic metres of gas per day or around 10.9 billion cubic meters per year.
Shah Deniz’s operating expenditures amounted to about $249 million, and capital expenditures totaled nearly $1.64 billion in 1H17. A major part of capital expenditures was associated with the Shah Deniz Stage 2 project.
In 2016, 10.7 billion cubic meters of gas and 2.5 million tons of condensate (nearly 20 million barrels) were produced at the Shah Deniz field.
The contract for development of the Shah Deniz offshore field was signed on June 4, 1996. The field's reserve is estimated at 1.2 trillion cubic meters of gas.
The shareholders are: BP, operator (28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NICO (10 percent) and TPOC (19 percent).
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