BP-Azerbaijan spends $3.2 million in capital expenditures in Baku-Tbilisi-Arzurum gas pipeline

BP-Azerbaijan spends $3.2 million in capital expenditures in Baku-Tbilisi-Arzurum gas pipeline
# 07 May 2010 09:55 (UTC +04:00)
Bakı. Nicat Mustafayev – APA-Economics. During the first quarter SCP spent $3.2 million in capital expenditures. For the full year we expect to spend $12.7 million in SCP capital expenditure.

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.

During the first quarter SCP daily average throughput was about 15.35 million cubic meters (around 542 million cubic feet) of gas or more than 97,000 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 development and 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%).
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THE OPERATION IS BEING PERFORMED