In the first quarter of 2024, bp and its co-venturers spent around $719 million in operating expenditure and around $201 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project, APA-Economics reorts citing the report of bp.
During the quarter, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to Azerkontrakt), Georgia (to GOGC), Türkiye (to BOTAS), BTC in multiple locations and to buyers in Europe.
In the first quarter of 2024, the field produced about 7 billion standard cubic metres of gas and more than 1 million tonnes (about 9 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 79.5 million standard cubic metres of gas per day or approximately 29 billion standard cubic metres per year.
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