Moscow: UAE President has arrived in Moscow for an official visit, engaging in discussions aimed at strengthening diplomatic and economic ties between the United Arab Emirates and Russia. This visit is expected to focus on various bilateral issues, including trade, energy cooperation, and regional security.
According to Azeri-Press News Agency, approximately 1,754 million US dollars were spent on activities related to the Shah Deniz gas-condensate field in the first half of this year, based on BP’s report on its operations in Azerbaijan for the first half of the current year. In the first half of 2025, around 1,282 million dollars were allocated for operational expenses and approximately 472 million dollars for capital expenditures, primarily associated with the Shah Deniz 2 project.
The report highlights that gas delivery from the Shah Deniz field to markets in Azerbaijan, Georgia, Trkiye, the BTC, and various European buyers continued in the first half of the year. During this period, approximately 14 billion standard cubic meters of gas and 2 million tonnes of condensate were produced from the Shah Deniz field, combining output from the Shah Deniz Alpha and Bravo platforms.
The current production capacity of Shah Deniz facilities is around 77.2 million standard cubic meters per day, translating to approximately 28.2 billion per year. The ongoing work under the Shah Deniz 2 project remains the primary focus of the Khankendi vessel, which is integral in delivering the remaining wells under the project. An integrated schedule has been developed to optimize operations and expedite the well commissioning process.
In the first half of the year, reactivation efforts have been ongoing for the drilling rig on the Shah Deniz Alpha platform. The ‘Istiglal’ and ‘Heydar Aliyev’ drilling rigs have continued their operations within the Shah Deniz 2 project. Notably, the ‘Istiglal’ rig worked on well SDF04 in the west-south flank, while the ‘Heydar Aliyev’ rig progressed with drilling on well SDH04 in the east-north flank.
To date, 22 wells have been drilled under the Shah Deniz 2 project, distributed across different flanks: five in the northern, five in the western, four in the east-south, five in the west-south, and three in the east-north. The participating interests in Shah Deniz include BP as the operator with a 29.99% stake, followed by Lukoil (19.99%), TPAO (19.00%), Southern Gas Corridor (16.02%), NIKO (10.00%), and MVM (5%).