logo

Gas Production at Shah Deniz Increased by 1.1 Bcm in January-September

Views: 71

BP-Azerbaijan produced 13.3 billion cubic meters (bcm) of gas from the Shah Deniz field in January-September 2020. This is 7.3% higher, or 1.1 bcm, compared to January-September 2019

As reported in a quarterly report of BP-Azerbaijan (technical operator of the Shah Deniz project), 2.7 million tons of condensate (or 21.6 million barrels) were also produced from the field, which is 3.8% or 0.1 million tons higher than the same period last year.

Currently, the production capacity of the field is 56 million cubic meters per day, or over 20 bcm per year, the company said.

The costs of the Shah Deniz consortium in January-September 2020 as part of the development of this field amounted to $ 1 billion 339 million, which is 3.1% higher than the same period in 2019.

“In January-September 2020, operating costs for the project amounted to $ 620 million, capital costs – $ 719 million. The bulk of capital expenditures fell on work within the framework of Stage-2 of the Shah Deniz field development,” the company notes.

In 2019, 16.8 bcm of gas and 28.6 million barrels (about 3.5 million tons) of condensate were produced from the Shah Deniz field.

The contract on the Shah Deniz project was signed in Baku on June 4, 1996 and ratified by the Milli Mejlis on October 17 of the same year. The participants of the Shah Deniz project are: BP (operator, 28.8%), Petronas (15.5%), SOCAR (16.7%), LUKOIL (10%), NICO (10%), and TPAO (19%).

Currently, gas production from the Shah Deniz field is carried out from the Alpha platform as part of Stage-1 and from the Bravo platform as part of Stage-2.


0

Your Cart