BAKU, Azerbaijan, Aug.3. In the first half of 2023, bp and its co-venturers spent around $1,208 million in operating expenditure and around $408 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project, Trend reports.
This is while in the first half of 2022, Shah Deniz spent around $1,260 million in operating expenditure and around $186 million in capital expenditure.
As such, the opex dropped by 4.1 percent, while capex surged by 2.2 times year-on-year.
In the first half of the year, the field produced about 13 billion standard cubic metres of gas and more than 2 million tonnes (about 18 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.
The existing Shah Deniz facilities’ production capacity is currently about 72.6 million standard cubic metres of gas per day or approximately 26.5 billion standard cubic metres per year.
Shah Deniz participating interests are: bp (operator – 29.99%), SGC (21.02%), LUKOIL (19.99%), TPAO (19.00%) and NICO (10.00%).
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