Baku. Agshin Rafigoglu – APA-Economics. during the first quarter of 2014, Shah Deniz field produced 2.32 bcm of gas and 600 mln tonnes of condensate (about 4.44 mln barrels) or daily 26 mcm of gas and 49,993 barrels condensate.
BP-Azerbaijan told APA-Economics that the field has exported 50. bcm of gas and over 13 mln tonnes (194 mln barrels) of condensate since it launched in 2006.
After technical optimization of the existing plants, Shahdeniz’s daily production capacity made 966 mln standard cubic feet of gas and 55,000 barrels of condensate. Shahdeniz shareholders have agreed the conditions on increase of production capacity up to 1 bln 40 mln standard cubic feet by the end of 2014 with SOCAR.
During the first quarter of 2014, Shah Deniz spent around $120 million in operating expenditure and over $785 million in capital expenditure. For the full year, it is planned to spend around $480 million in operating expenditure and $3,650 million in capital expenditure. The great majority of this capital expenditure is on the Shah Deniz Stage 2 project, which includes both offshore developments and expansion of the Sangachal terminal.
Shah Deniz participating interests 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.
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