Shah Deniz spent around $872 million in operating expenditure in first quarter of 2023
Baku, May 6, AZERTAC
In the first quarter of 2023, Shah Deniz spent around $678 million in operating expenditure and around $194 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project, bp Azerbaijan said.
“During the quarter, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to Azerkontrakt), Georgia (to GOGC), Türkiye (to BOTAS), to the BTC Company in multiple locations and to buyers in Europe.
In the first three months of 2023, the field produced about 7 billion standard cubic metres (bscm) of gas and more than 1 million tonnes (about 9 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 74 million standard cubic metres of gas per day or approximately 27 bcma” the company said.
“In the first quarter of 2023, the Shah Deniz 2 project progressed on schedule towards the production start-up from the East North flank in the fourth quarter of the year.
The installation and testing activities continued both subsea and on the topsides modules onboard the Shah Deniz Bravo platform. The project successfully completed the installation of new subsea trees on the West South and East North flanks ahead of the Istiglal rig arrival and commenced testing of the East North flank production flowlines.
During the first quarter of the year, the Shah Deniz Alpha platform rig was on warm stack.
For the Shah Deniz 2 project, completion activities continue using the Istiglal rig.
In total 21 wells have been drilled for Shah Deniz 2. These include five wells on the North flank, four wells on the West flank, four wells on the East South flank, five wells on the West South flank and three wells on the East North flank,” bp reported.
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