Capital expenditures on Shahdeniz decline by more than 28%

In the first three quarters of 2019, Shah Deniz spent around $481 million in operating expenditure and $818 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project, respectively up $63 million or 15.07% and down $322 million or 28.24% in comparison to a year ago, Report informs referring to BP-Azerbaijan.

Shah Deniz participating interests are: BP (operator – 28.8 per cent), TPAO (19.0 per cent), AzSD (10.0 per cent), SGC Upstream (6.7 per cent), PETRONAS (15.5 per cent), LUKOIL (10.0 per cent) and NICO (10.0 per cent).