BP reduces capex on South Caucasus Pipeline
Baku, Azerbaijan, Feb.13
By Leman Zeynalova – Trend:
In 2018, South Caucasus Pipeline spent about $39 million in operating expenditure and about $352 million in capital expenditure, Trend reports citing BP Azerbaijan.
The pipeline has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkey.
SCP’s daily average throughput was more than 23 million cubic metres of gas per day during the year of 2018, reads the report.
In 2017, SCP spent more than $29 million in operating expenditure and about $784 million in capital expenditure.
The SCP has a dual operatorship with BP as the technical operator being responsible for construction and operation of the SCP facilities and SOCAR Midstream Operations, as commercial operator, responsible for SCP commercial operations.
The SCP Co. shareholders are: BP (28.8 percent), TPAO (19.0 percent), AzSCP (10.0 percent), SGC Midstream (6.7 percent), PETRONAS (15.5 percent), LUKOIL (10.0 percent) and NICO (10.0 percent).