BP reveals volume of capex on South Caucasus Pipeline

Oil&Gas Materials 13 May 2019 16:29 (UTC +04:00)

Baku, Azerbaijan, May 13

By Leman Zeynalova - Trend:

In the first quarter of 2019, the South Caucasus Pipeline (SCP) and South Caucasus Pipeline Expansion (SCPX) spent about $9 million in operating expenditure and more than $17 million in capital expenditure in total, BP said in its report on Q1 2019.

This is while in the first quarter of 2018, SCP spent about $8 million in operating expenditure and about $165 million in capital expenditure.

The daily average combined throughput of SCP and SCPX was about 30 million cubic metres of gas per day during the first quarter of 2019, said BP, Trend reports.

“The SCP has been operational since late 2006, transporting Shah Deniz gas to Azerbaijan, Georgia and Turkey while SCPX commenced commercial deliveries to Turkey in June 2018. The SCP and SCPX have a dual operatorship with BP as the technical operator being responsible for construction and operation of the pipeline facilities and SOCAR Midstream Operations, as commercial operator, responsible for the commercial operations of the pipeline,” said the company.

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 per cent), LUKOIL (10.0 percent) and NICO (10.0 percent).


Follow the author on Twitter: @Lyaman_Zeyn