BAKU, Azerbaijan, May 5. In the first quarter of 2022, Shah Deniz spent around $759 million in operating expenditure and around $88 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project, as compared to $688 million in operating expenditure and more than $181 million in capital expenditure in Q1 2021, Trend reports with reference to bp.
As such, the company’s opex and capex dropped by 1.1 percent and 51.4 percent, respectively.
During the quarter, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to Azerkontrakt), Georgia (to GOGC), Turkey (to BOTAS), to the BTC Company in multiple locations and to buyers in Europe.
In the first three months of 2022, the field produced more than 6 billion standard cubic metres (bscm) of gas and more than 1 million tonnes (more than 9 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.
Shah Deniz participating interests are: bp (operator – 29.99 percent), LUKOIL (19.99 percent), TPAO (19 percent), SOCAR (14.35 percent), NICO (10 percent) and SGC (6.67 percent).
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