Shah Deniz capital expenditure more than triples 

In the first quarter of 2021, Shah Deniz spent around $688 million in operating expenditure and more than $181 million in capital expenditure, the majority of which was associated with the Shah Deniz 2 project, BP-Azerbaijan said in a quarterly statement, Report informs.

By contrast to a year ago, the operating expenditure increased by $469 million or 3.14-fold, while capital expenditures decreased by $38 million or 17.3%.

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