Capital outlays for SCP estimated at $13.1 million

23.08.2012 [15:02]
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Baku, August 23 (AZERTAC). In the first quarter of 2012, South Caucasus Pipeline project (SCP) spent $1.0 million in capital expenditures. The plan for 2012 is to spend $13.1 million in SCP capital expenditures, according to bp.

The pipeline has been operational since late 2006 transporting gas to Azerbaijan and Georgia, and starting July 2007 to Turkey from SD Stage 1.

During the first quarter of 2012, SCP’s daily average throughput was about 15 million cubic metres (518 million cubic feet) of gas or over 89,000 barrels of oil equivalent per day.

The SCP has a dual operatorship with BP as the technical operator being responsible for construction and operation of the SCP facilities and Statoil, as commercial operator, is responsible for SCP's business administration.

The SCP Co. shareholders are: BP (technical operator - 25.5%), Statoil (commercial operator - 25.5%), Azerbaijan SCP Ltd. (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).

Capital outlays for SCP estimated at $13.1 million

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