BAKU, Azerbaijan, November 3. Shah Deniz spent around $1.77 billion in operating expenditure and around $314 million in capital expenditure in the first three quarters of 2022, Trend reports citing bp.
The second stage of the Shah Deniz 2 project made up the major part of the field's expenditures.
During the same period of 2021, Shah Deniz expended $1.57 billion in operating expenditures and $524 million in capital expenditures. As such, the opex rose by 12.87 percent, while capex dropped by 40.08 percent.
Meantime, the Shah Deniz field continued to provide gas deliveries to the markets of Azerbaijan (Azerkontrakt), Georgia (GOGC), Türkiye (BOTAS), the BTC Company and buyers in Europe.
Shah Deniz participating interests are: bp (operator – 29.99 percent), LUKOIL (19.99 percent), TPAO (19.00 percent), SOCAR (14.35 percent), NICO (10.00 percent) and SGC (6.67 percent).