Azernews.Az

BP Azerbaijan’s production from Shahdaniz, Azerbaijan’s largest gas field in the Caspian Sea, is expected to be 8.6 billion cubic meters of gas per year and about 45,000 barrels of condensate per day during Stage 1 of the project, as new platform-drilled wells are brought on stream over the next few years.
During the first three quarters of 2009 the field continued to produce steadily from four wells to off-take points in Azerbaijan, Georgia and the Turkish border. The gas from Shahdaniz Stage 1 continues to be sold to Azerbaijan, GOGC (Georgia), BOTAS and the BTC Company.
The plan for 2009 is to produce 7.5 billion cubic meters of gas and 1.9 million tons of condensate.
During the first three quarters of 2009 the field produced 4.4 billion cubic meters of gas and 1.2 million tons of condensate or 16.3 million cubic meters of gas per day (over 574 million standard cubic feet per day) and more than 34,000 barrels of condensate per day.
Since the start of Shahdaniz production in late 2006 till the end of the third quarter 2009 about 31 million barrels (about 3.9 million tons) of Shahdaniz condensate were exported via the Baku-Tbilisi-Ceyhan (BTC) main export pipeline, which transports Azerbaijan’s crude to world markets through Georgia and Turkey. By November 9 about 32.4 million barrels (about 4.1 million tons) of condensate were exported via BTC.
During the first nine months of 2009 BP Azerbaijan spent $ 114 million in operating expenditure and $255 million in capital expenditure on Shahdaniz activities.
For the full year the company is planning to spend $322 million in operating expenditure and $369 million in capital expenditure on the Shahdaniz project.
Shahdaniz participating interests are: BP (operator – 25.5%), Statoil (25.5%), SOCAR (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).*