Industry and Energy

Home page

Industry and Energy

SCPâ€™s daily average throughput was 17.8 million cubic metres of gas or 108,137 barrels of oil equivalent per day during first half of 2014

15 August 2014 13:46 (UTC +04:00)

BakÄ±. AqÅŸin RafiqoÄŸlu – APA-Economics. During the first half of 2014, SCP spent $22.4 million in operating expenditure and $325 million in capital expenditure.

BP-Azerbaijan told APA-Economics that for the full year, operating expenditure is expected to be $50 million. As a result of the ramp-up in the SCP expansion, capital expenditure will increase to $1,250 million.

During the first half of 2014, SCP’s daily average throughput was 17.8 million cubic metres (over 627 million cubic feet) of gas or 108,137 barrels of oil equivalent per day.

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.

The SCP Co. shareholders are: BP, operator (28.8 per cent), SOCAR (16.7 per cent), Statoil (15.5 per cent), Total (10 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (9 per cent). These percentages include the recent purchases of equity from Statoil by BP and SOCAR. Total has entered into an agreement to sell its 10% interest in Shah Deniz to TPAO and both companies are now in process to finalise this transaction.