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Shahdeniz produces 5.4 bcm of gas in January-June

22 August 2016 12:00 (UTC +04:00)

Baku – APA-Economics. In the first half of 2016, the Shah Deniz field continued to provide reliable deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), BTC Company and Turkey (to BOTAS).

According to BP-Azerbaijan, during the first half of 2016, the field produced about 5.4 billion standard cubic metres (bcm) of gas and 1.3 million tonnes (about 10 million barrels) of condensate. The existing Shah Deniz facilities’ production capacity is currently 29.5 million standard cubic metres of gas per day or around 10.8bcma.

In the first half of 2016, Shah Deniz spent approximately $225 million in operating expenditure and about $1.87 billion in capital expenditure, the majority of which was associated with the Shah Deniz Stage 2 project.

Shah Deniz participating interests are: BP (operator – 28.8 per cent), AzSD (10.0 per cent), SGC Upstream (6.7 per cent), Petronas (15.5 per cent), Lukoil (10 per cent), NICO (10 per cent) and TPAO (19 per cent).