$43 mln for Shah Deniz Field spent in first quarter

$43 mln for Shah Deniz Field spent in first quarter
# 06 May 2010 15:17 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. During the first quarter Shah Deniz spent $ 42.8 million in operating expenditure and $75 million in capital expenditure.
For the full year BP-Azerbaijan plans to spend $177.8 million in operating expenditure and $604.8 million in capital expenditure on Shah Deniz activities.
During the first quarter the field continued to produce from four wells to off-take points in Azerbaijan, Georgia and the Turkish border. The gas from Shah Deniz Stage 1 continues to be sold to Azerbaijan, GOGC (Georgia), BOTAS and the BTC Company.
During the first three months of 2010 the field produced about 2 billion billion cubic meters (more than 70 billion cubic feet) of gas and 0.54 million tonnes (around 4.3 million barrels) of condensate or about 22 million cubic meters of gas per day (around 780 million standard cubic feet per day) and about 47.500 barrels of condensate per day.
For the full year BP plans to produce 7.6 billion cubic meters (around 269 billion cubic feet) of gas and 2.01 million tonnes (around 16 million barrels) of condensate.
Since the start of Shah Deniz production in late 2006 till the end of the first quarter of 2010 about 39.34 million barrels (about 4.98 million tonnes) of Shah Deniz condensate was exported to world markets.
Production will increase as new platform-drilled wells are brought on stream over the next few years. Plateau production from Stage 1 is expected to be 8.6 billion cubic meters of gas per annum and approximately 45,000 b/d of condensate.


1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED