SCP spends about $9 million in capital expenditures

SCP spends about $9 million in capital expenditures
# 14 November 2013 13:47 (UTC +04:00)

Baku. Aqshin Rafigoglu – APA-Economics. During the first nine months of 2013, SCP spent about $9 million in capital expenditures. For the full year it is planned to spend over $13 million in SCP capital expenditures.

The pipeline has been operational since late 2006 transporting gas to Azerbaijan and Georgia, and starting July 2007 to Turkey from SD Stage 1.

During the first nine months of 2013, SCP’s daily average throughput was about 12.4 million cubic metres (about 437.2 million cubic feet) of gas or 75,376 barrels of oil equivalent per day.

The SCP Co. shareholders are: BP (technical operator – 25.5%), Statoil (commercial operator - 25.5%), Azerbaijan SCP Ltd. (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).

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