ECONOMY


Shah Deniz field produced 11.5 billion standard cubic metres of gas in 2018

Baku, February 13, AZERTAC

“In 2018, the Shah Deniz field produced 11.5 billion standard cubic metres (bcm) of gas and more than 2.5 million tonnes (20.5 million barrels) of condensate,” BP Azerbaijan told AZERTAC.

According to BP Azerbaijan, the existing Shah Deniz facilities’ production capacity is currently 48.0 million standard cubic metres of gas per day or around 16bcma.

“In 2018, Shah Deniz also celebrated 100 billion cubic metres of total gas production from the field since the start of operations. The milestone was achieved at the end of December, exactly 12 years after the first announcement of the start-up of commercial gas production from the field and start-up of operations of the South Caucasus Pipeline,” the company said.

During the year, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan, Georgia, Turkey and to BTC Company in multiple locations.

In 2018, Shah Deniz spent more than $578 million in operating expenditure and more than $1.44 billion in capital expenditure, the majority of which was associated with the Shah Deniz 2 project.

Shah Deniz participating interests are: BP (operator – 28.8 per cent), TPAO (19.0 per cent), AzSD (10.0 per cent), SGC Upstream (6.7 per cent), PETRONAS (15.5 per cent), LUKOIL (10.0 per cent) and NICO (10.0 per cent).

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