Bank Of Baku

Capital expenditures for Shahdeniz gas field to be doubled this year

Capital expenditures for Shahdeniz gas field to be doubled this year
# 01 March 2012 10:31 (UTC +04:00)
Company says these figures are expected to increase by 11% and 98.5% to $211.5 mln and $1.340 bln, in 2012.

6.67 bcm of gas and 1.8 mln tons of condensate and daily 18.3 mcm of gas and 38,300 barrels of condensate were extracted in this field.

BP-Azerbaijan also said that, 29.902 bcm of gas and 8 mln tons of oil have been exported from Shahdeniz since it was launched: “The highest annual stable level of gas in the first stage is expected to be 9 bcm, daily 50,000 barrels of condensate, in 2012”.
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