Baku. Agshin Rafigoglu - APA-Economics. During the first nine months of 2014, SCP’s daily average throughput of the South Caucasus Pipeline (SCP) was 17.412 million cubic metres (615 million cubic feet) of gas or 106,017 barrels of oil equivalent per day.
BP-Azerbaijan told APA-Economics that 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 has a dual operatorship with BP as the technical operator being responsible for construction and operation of the SCP facilities whilst Statoil, as commercial operator, is responsible for SCP's business administration.
During the first nine months of 2014, SCP spent $36.5 million in operating expenditure and $599 million in capital expenditure. For the full year, operating expenditure is expected to be $47.2 million. As a result of the ramp-up in the SCP expansion work, capital expenditure will increase to $1,244 million.
The SCP Co. shareholders are: BP, operator (28.8 per cent), AzSCP (10.0 per cent), SGC Midstream (6.7 per cent), Statoil (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent). These percentages include the recent purchases of equity from Statoil by BP and the Azerbaijan Government (SGCM) and sale of Total equity to TPAO.
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