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BP reduces gas production in Azerbaijan

Oil&Gas Materials 2 August 2018 10:51 (UTC +04:00)

Baku, Azerbaijan, Aug. 2

Trend:

During the first six months of the year, Azerbaijan's Shah Deniz field produced 5 billion standard cubic metres (bcm) of gas and 1.1 million tonnes (9 million barrels) of condensate, reads a BP report.

The existing Shah Deniz facilities’ production capacity is currently 32.0 million standard cubic metres of gas per day or around 10.9 bcma.

In the first half of 2018, Shah Deniz spent more than $250 million in operating expenditure and about $798 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project.

In 2017, the Shah Deniz field produced 10.2 billion cubic meters of gas and 2.4 million tons of condensate (about 19 million barrels).

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