BAKU, Azerbaijan, February 12. In 2023, bp and its co-venturers spent around $2.194 billion in operating expenditure and around $892 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project, Trend reports via bp.
This is while in 2022, Shah Deniz spent around $2.281 billion in operating expenditure and around $463 million in capital expenditure.
As such, opex on the field dropped by 3.8 percent, while capex rose by 1.9 times.
During the year, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to Azerkontrakt), Georgia (to GOGC), Türkiye (to BOTAS), BTC in multiple locations and to buyers in Europe.
In 2023, the field produced about 26 billion standard cubic metres of gas and more than 4 million tonnes (about 35 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 77 million standard cubic metres of gas per day or approximately 28 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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