In the first half of 2026, bp and its co-venturers spent around $1,394 million in operating expenditure and around $712 million in capital expenditure on Shah Deniz activities, APA-Economics reports, citing bp's report on its operations in Azerbaijan for the first half of 2026.
"During the first six months, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Türkiye (to BOTAS), BTC in multiple locations and to buyers in Europe.
In the first half of 2026, the field produced around 14 billion standard cubic metres of gas and about 2 million tonnes (around 15 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.
The existing Shah Deniz facilities’ production capacity is currently about 76.8 million standard cubic metres of gas per day or approximately 28 billion standard cubic metres per year," the report said.
It is noted that in the first half of 2026, Shah Deniz 2 progressed with the subsea execution scope of the West flank wells, achieving the start-up of the fifth well on this flank in April.
"While the Shah Deniz 2 activities, including the delivery of the remaining wells within the project, remain the primary mission for the subsea construction vessel Khankendi, during the first half of the year the vessel was involved in a multi-well subsea intervention campaign in the ACG Deepwater Gunashli area supporting early identification of opportunities for pressure management and production rate enhancement in ACG. During this period, the diving support vessel Tofig Ismayilov provided life-of-field support, covering services, surveys, and interventions across all of the Shah Deniz 2 and ACG subsea producing assets.
This is part of the integrated schedule, ensuring the efficient utilization of vessels and drilling rigs to optimize activities and accelerate well start-up dates," the reports emphasized.
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