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Sum of operating and capital expenditures to be spent for Shah Deniz field announced

20 November 2014 14:49 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. During the first nine months of 2014, Shah Deniz spent approximately $371 million in operating expenditure and over $2,797 million in capital expenditure.

BP-Azerbaijan told APA-Economics that for the full year, it is planned to spend around $435 million in operating expenditure and $3,885 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), AzSD (10.0 per cent), SGC Upstream (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 (SGCU) and sale of Total equity to TPAO.