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10:14 19 January
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Shah Deniz spends more than $2.6 billion this year


In the first nine months of 2017, Shah Deniz spent approximately $368 million in operating expenditure and about $2.28 billion in capital expenditure, the majority of which was associated with the Shah Deniz Stage 2 project, BP-Azerbaijan told APA-Economics.

 

In the third quarter of 2017, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Turkey (to BOTAS) and to BTC Company in multiple locations.

 

During the first three quarters, the field produced about 7.4 billion standard cubic metres (bcm) of gas and 1.7 million tonnes (about 14 million barrels) of condensate.

 

The existing Shah Deniz facilities’ production capacity is currently 30.0 million standard cubic metres of gas per day or around 10.9bcma.

 

In the third quarter of 2017, Shah Deniz existing (Alpha) platform completed the SDA10 well and brought it on production. The drilling operations on the SDA11 well were resumed and are currently ongoing.


By mid-September 2017, the Istiglal delivered the first completion in the West Flank on the SDD01 well. This was followed by completion operations on the SDD02 well which are currently ongoing. The Maersk Explorer rig is currently drilling the lower section of SDF02.

 

The above two rigs have already completed four wells on the North Flank and one well on the West Flank, and drilled nine wells in preparation for commencement of Shah Deniz Stage 2 production and subsequent ramp up. Drilling operations will continue to deliver all wells required to ramp up to plateau level.

 

Shah Deniz participating interests are: BP (operator – 28.8 per cent), AzSD (10.0 per cent), SGC Upstream (6.7 per cent), Petronas (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent).

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