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Funds spent on Shah Deniz activities

16.11.2020,13:33


November 16, Fineko/abc.az. In the first three quarters of 2020, Shah Deniz spent about $620 million in operating expenditure and $719 million in capital expenditure.

ABC.AZ reports that the majority of those financing was associated with the Shah Deniz 2 project.

During the third quarter, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC and SOCAR), Turkey (to BOTAS) and to BTC Company in multiple locations.

In the first nine months of 2020, the field produced around 13.3 billion standard cubic metres (bcm) of gas and 2.7 million tonnes (21.6 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.

The existing Shah Deniz facilities’ production capacity is currently over 56 million standard cubic metres of gas per day or more than 20 bcma.