Shah Deniz operating expenditure up 13% 

In the first three quarters of 2022, Shah Deniz spent around $1,772 million in operating expenditure and around $314 million in capital expenditure, respectively, up $202 million (12.9%) and down $210 million (40.1%) from the previous year, Report informs, citing BP-Azerbaijan.

The majority of capital expenditure was associated with the Shah Deniz 2 project.

Shah Deniz participating interests are: bp (operator – 29.99%), LUKOIL (19.99%), TPAO (19.00%), SOCAR (14.35%), NICO (10.00%) and SGC (6.67%).