Baku: The Shah Deniz field has reported substantial production figures for the first half of 2026, continuing its role as a key supplier of gas to several regions. The field produced approximately 14 billion standard cubic meters of gas and around 2 million tons of condensate, equivalent to 15 million barrels. This output was sourced from both the Shah Deniz Alpha and Shah Deniz Bravo platforms.
According to Azerbaijan State News Agency, the Shah Deniz field supplied gas to markets in Azerbaijan through SOCAR, to Georgia via GOGC, to Trkiye through BOTAS, and also to BTC in multiple locations, with additional deliveries to buyers in Europe. The field’s facilities are currently capable of producing about 76.8 million standard cubic meters of gas per day, translating to approximately 28 billion standard cubic meters annually.
In financial terms, the first half of 2026 saw bp and its co-venturers invest around $1,394 million in operating expenditure and approximately $712 million in capital expenditure related to activities at Shah Deniz. The participating interests in the Shah Deniz project are distributed among several companies, with bp acting as the operator holding 29.99%, LUKOIL at 19.99%, TPAO at 19.00%, SGC at 16.02%, NICO at 10.00%, and MVM at 5.00%.