Exploration & Production

BP boosts Shah Deniz gas output by 8.1% in Q1-Q3

BP produced 8 billion cubic metres of gas at the Shah Deniz field in Azerbaijan between January and September 2018.
By Staff reporter 21 November 2018 0 33387

BP produced 8 billion cubic metres of gas at the Shah Deniz field in Azerbaijan between January and September 2018, the company’s subsidiary in the country has told Interfax. This represent an 8.1% increase compared with the same period in 2017.

"At the moment, the maximum [production] capacity […] at the field is 43 million cubic metres per day [Mmcm/d]of gas," BP said.

The company has spent $1.56 billion on the Shah Deniz project during the period, down by 41.2% year on year. Production costs accounted for...