$438 million spent on Shah Deniz activities for 1st quarter


June 2, Fineko/abc.az. In the 1st quarter the gas supplies from the Shah Deniz field to the markets of Azerbaijan (SOCAR), Georgia (GOGC) and Turkey (Botash) and to numerous BTC facilities continued.

ABC.AZ reports that the data is contained in BP’s report on sustainable development of Azerbaijan for 2019.

During the quarter $219 million in operating expenses and $219 million in capital expenditures were spent on Shah Deniz operations. Most of the capital expenditures related to Shah Deniz-2 project. The share of participation in Shah Deniz is as follows: BP (operator) 28.8%, AzŞD 10%, SGC Upstream 6.7%, Petronas 15.5%, LUKoil 10%, NICO 10% and TPAO 19%.