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News // Oil and gas worldwide

BP-Azerbaijan: Shah Deniz-2 project 99% complete

19 February 2018 , 10:26Neftegaz.RU737

According to the BP-Azerbaijan´s report on February 16, 2018, the Shah Deniz-2 first gas scope is now 99 % complete, in terms of engineering, procurement, construction and commissioning.

 

In 2017, Shah Deniz spent approximately $451 million in operating expenditure and about $2.88 billion in capital expenditure, the majority of which was associated with the Shah Deniz 2 project.

 

«Shah Deniz phase 2, part of the Southern Gas Corridor mega-project, is one of the most complex projects we have ever untaken,» said BP CEO Bob Dudley in February 2018, adding that it spans 6 countries, involves 11 shareholder companies, with 176 million manhours worked since FID was taken 4 years ago. «Shah Deniz stage 2 is on track for start-up in 2018, currently on time and under budget», he noted .

 

Construction works at the Sangachal terminal expansion area are also complete. The commissioning of the new Shah Deniz 2 facilities is currently ongoing with the plans to start operations this year to be able to receive and process the additional gas volumes from Shah Deniz 2.

 

BP operates the giant Azeri-Chirag-Guneshli (ACG) oilfields in Azerbaijan as well as the Shah Deniz gas fields.

 

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