Baku: More than USD 2 billion were spent on the “Shah Deniz” field this year. During the first three quarters of this year, approximately 2,362 million US dollars were spent on the activities of the “Shahdeniz” gas-condensate field located in the Azerbaijani sector of the Caspian Sea, APA-Economics reports citing BP.
According to Azeri-Press News Agency, in the first three quarters of 2024, bp and its co-venturers spent around $1,780 million in operating expenditure and around $582 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project.
In the first nine months of the year, the field produced 20 billion standard cubic metres of gas and more than 3 million tonnes (around 26 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 about 80.7 million standard cubic metres of gas per day or approximately 29.5 billion standard cubic met
res per year.
The Shah Deniz 2 project progressed with the wells programme activities using the Istiglal and Heydar Aliyev rigs. During the quarter, these mainly included the de-completion and re-completion of the SDH02 well on the East North flank and de-completion of the SDF02 well on the West South flank. The Heydar Aliyev rig progressed with the drilling of the SDD05 well on the West Flank.
In total, 21 wells have been drilled for Shah Deniz 2. These include five wells on the North flank, four wells on the West flank, four wells on the East South flank, five wells on the West South flank and three wells on the East North flank.