Baku: In the first quarter of 2025, bp and its co-venturers spent around $726 million in operating expenditure and around $213 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project.

According to Azeri-Press News Agency, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Trkiye (to BOTAS), BTC in multiple locations, and to buyers in Europe during the quarter.

In the first quarter of 2025, the field produced around 7 billion standard cubic metres of gas and about 1 million tonnes (around 8 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms. The existing Shah Deniz facilities’ production capacity is currently about 76.4 million standard cubic metres of gas per day or approximately 27.9 billion standard cubic metres per year.

The report also notes that Shah Deniz 2 achieved the start-up of the fifth well on the West South flank and progressed with the subsea execution scope on the remaining wells. The subsea construction vessel Khankendi continued to provide life of field support covering services, surveys, and interventions across all of the Shah Deniz 2 and ACG subsea producing assets.