BAKU, Azerbaijan, May 10. In the first quarter of 2024, bp and its co-venturers spent around $719 million in operating expenditure and around $201 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project, Trend reports via bp.
These figures amounted to $678 million in operating expenditure and $194 million in capital expenditure in 1Q 2023. As such, the opex and capex on Shah Deniz grew by more than 6 percent and 1.5 percent, respectively year-on-year.
During the quarter, 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.
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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