This year gas extraction from Shah Deniz reduced insignificantly

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shah (1)From January to September 2014 $3,168,000,000 has been invested into development of the Shah Deniz field.

According to the report of BP-Azerbaijan company (the project operator), investments into development of the gas condensate field increased by 2.1 times against the same period last year.

During 3 quarters this year operating costs of the consortium totaled $371 million, while capital costs – $2,797,000,000.

The corrected forecast of costs of the project in 2014 is $4.32 billion, of which $435 million is planned to be spent for the operation costs and $3,885,000,000 for the capital outlays.

From January to September 2014 7.25 billion cub.m. of gas (decline by 0.7%) and 1.72 million tons of condensate (decline by 7.1%) was extracted from Shah Deniz.

From January to September 2014 average daily production totaled 26.6 million cub.m. of gas and 50,045 barrels of condensate.

During the entire period of the field operation since the end of 2006 till the end of quarter 3, 2014 a total of 55.2 billion cub.m. of gas and 14.2 million tons of condensate has been extracted.

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