Capital expenditures for Shah Deniz field up by 11%

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, Report informs, citing BP Azerbaijan’s business update on the third quarter results of 2024.

Operating expenses were $42 million or 2.4% higher year-on-year, while capital expenditures were $71 million or 10.9% lower year-on-year.

Shah Deniz participating interests are: bp (operator – 29.99%), LUKOIL (19.99%), TPAO (19.00%), SGC (16.02%), NICO (10.00%) and MVM (5.00%).