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.
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