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This year's volume of expenses for Shah Deniz announced

03 August 2023 13:39 (UTC +04:00)

In the first half of 2023, Shah Deniz spent around 1 billion 208 million dollars in operating expenditure and around 408 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project, APA-Economics reports citing the report published by BP (the operator of the project) on the results of the first half of this year on its operations in Azerbaijan.

“During the quarter, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to Azerkontrakt), Georgia (to GOGC), Türkiye (to BOTAS), to the BTC Company in multiple locations and to buyers in Europe,” reports states.

According to the report, approximately 13 billion standard cubic meters of gas and more than 2 million tons (approximately 18 million barrels) of condensate were produced from the field in the first six months of the year - from the Shah Deniz Alfa and Shah Deniz Bravo platforms together. The production capacity of the existing Shah Deniz facilities was currently about 72.6 million standard cubic meters per day (about 26.5 million standard cubic meters per year).

It is reported that in the second quarter of 2023, the works carried out within the framework of the "Shah Deniz 2" project have progressed according to the schedule for the start of production planned for the fourth quarter from the east-northern flank.

"Installation and testing continued both underwater and on top modules on the Shah Deniz Bravo platform. Within the framework of the project, watering, cleaning, measuring and hydrotesting of the production flow lines of the east-north side were successfully performed, all flexible monopipes were installed on the side, and the connection of the remaining connecting nodes in the area of the "Shah Deniz Bravo" platform was completed," the report says.

In the first six months of the year, a well was not drilled from the "Shah Deniz Alfa" platform, during which preventive works were carried out on the platform's drilling rig.

For the Shah Deniz 2 project, completion activities continue using the Istiglal rig.

In total 21 wells have been drilled for Shah Deniz 2. These include five wells on the North flank, four wells on the West flank, four wells on the East South flank, five wells on the West South flank and three wells on the East North flank.