Industry and Energy

Home page

Industry and Energy

Baku-Tbilisi-Erzurum pipeline spends $1 million

20 August 2009 13:16 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. During the first half of 2009, BP-Azerbaijan spent $1 million in capital expenditures on activities of South Caucasus Pipeline (SCP) also known as Baku-Tbilisi-Erzurum pipeline.
For the full year it is expected to spend $15 million in SCP capital expenditure, said BP Azerbaijan.
The pipeline has been operational since late 2006 transporting gas to Azerbaijan and Georgia, and starting July 2007 to Turkey from Shah Deniz Stage 1.
SCP throughput during the first half of 2009 was about 17 million cubic meters of gas per day or more than 99.000 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 StatoilHydro, as commercial operator, is responsible for SCP’s business development and administration.
The SCP Co. shareholders are: BP (technical operator â€“ 25.5%), StatoilHydro (commercial operator - 25.5%), Azerbaijan SCP Ltd. (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).