Baku: More than $1 billion has been invested in the development of the Shah Deniz gas-condensate field during the first quarter of 2026, with approximately $785 million allocated to operating expenditures and around $336 million directed towards capital expenditures. This information comes from BP’s report on its activities in Azerbaijan for the first quarter of this year.
According to Azeri-Press News Agency, gas deliveries from the Shah Deniz field continued to reach markets in Azerbaijan (via SOCAR), Georgia (through GOGC), and Trkiye (to BOTAS). The field also supplied the BTC pipeline for multiple facilities and delivered gas to European buyers. In the first quarter, approximately 7 billion standard cubic meters of gas and around 1 million tons (equivalent to roughly 7 million barrels) of condensate were produced from the Shah Deniz Alpha and Shah Deniz Bravo platforms. The existing facilities at Shah Deniz have a production capacity of approximately 74.2 million standard cubic meters per day, translating to about 27.1 billion cubic meters annually.
The report highlighted the completion of additional perforation work at the SDA09 and SDA07 wells on the Shah Deniz Alpha platform during the first quarter of 2026. Furthermore, drilling operations for the Shah Deniz 2 project continued with the Istiglal and Heydar Aliyev drilling rigs. The Istiglal rig performed logging and casing operations at the SDD05 well on the western flank, followed by completion tasks at the same well. Concurrently, the Heydar Aliyev rig advanced drilling at the SDH05 well on the east-north flank.
In total, 23 wells have been drilled as part of Shah Deniz 2, distributed across different flanks of the field: five on the northern flank, five on the western flank, four on the east-south flank, five on the west-south flank, and four on the east-north flank.