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Friday, 18 August 2017 09:30

Shan Deniz 2 project is 95% complete, operator

Shan Deniz 2 project is 95% complete, operator

In the first six months of 2017, Shah Deniz spent approximately $249 million in operating expenditure and about $1.64 billion in capital expenditure, the majority of which was associated with the Shah Deniz Stage 2 project, Caspian Energy News (www.caspianenergy.net) reports with reference to BP.

In the first half of 2017, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Turkey (to BOTAS) and to BTC Company in multiple locations.

During the two quarters, the field produced about 5.1 billion standard cubic metres (bcm) of gas and 1.2 million tonnes (about 9.7 million barrels) of condensate. The existing Shah Deniz facilities’ production capacity is currently 30.0 million standard cubic metres of gas per day or around 10.9bcma.

During the first half of 2017, implementation of the Shah Deniz Stage 2 project continued successfully. The project is now over 95% complete in terms of engineering, procurement and construction, and remains on target for first gas from Shah Deniz Stage 2 in 2018.

At the peak of project activities, over 24,000 people were involved in construction works across all main contracts in Azerbaijan and over 80% of them were Azerbaijani nationals.

In the first half of 2017, SCP spent about $14 million in operating expenditure and around $413 million in capital expenditure SCP’s daily average throughput was about 21.4 million cubic metres of gas per day during the first half of 2017.

At the end of the first half of 2017, the number of BP’s Azerbaijani national employees was 2,743 including fixed-term employees. 85% of BP’s professional employees in Azerbaijan are nationals and many of them are in senior positions, including six members of the regional leadership team.

In the first half of 2017, BTC spent approximately $64 million in operating expenditure and more than $10 million in capital expenditure. 

Since the 1,768km BTC pipeline became operational in June 2006 till the end of June 2017 it carried a total of about 2.74 billion barrels (more than 365 million tonnes) of crude oil loaded on 3,584 tankers and sent to world markets.

Person in charge of the newsline: Fidan Isayeva

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