In 1H2016, Shah Deniz field’s operating expenditures totalled $225 million and capital expenditures – about $1.87 billion, the majority of which was associated with the Shah Deniz Stage 2 project.
The contract for development of the Shah Deniz offshore field was signed on June 4, 1996.
The shareholders in the contract are BP (operator - 28.8 percent), AzSD (10 percent), SGC Upstream (6.7 percent), Petronas (15.5 percent), Lukoil (10 percent), NIOC (10 percent) and TPAO (19 percent).
As part of the Stage 2 of the Shah Deniz development, the gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.
The cost of the Shah Deniz Stage 2 project is estimated at $28 billion.
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