Shah Deniz produces 7 bcm of gas, 1 mln tonnes of condensate in Q1

Azerbaijan’s Shah Deniz gas field produced approximately 7 billion cubic meters (bcm) of gas and 1 million tonnes (around 8 million barrels) of condensate in the first quarter of 2025, operator bp said in a report.

Gas was supplied to SOCAR (Azerbaijan), GOGC (Georgia), BOTAŞ (Turkey), European buyers, and the BTC pipeline. The current annual capacity of Shah Deniz facilities is around 27.9 bcm.

Q1 spending totaled $726 million in operating expenses and $213 million in capital expenditures, most of which were attributed to the Shah Deniz 2 development.

One additional well was brought online from the western-southern flank, and subsea works continued. The Khankendi subsea construction vessel remained a key asset for maintenance, inspection, and intervention across all Shah Deniz 2 and ACG subsea systems.

Drilling updates:

The Istiglal rig worked on wells SDF02 and SDF04 in the western-southern flank.

The Heydar Aliyev rig completed SDD05 in the western flank and began SDH04 in the eastern-northern flank.

A total of 22 wells have been drilled under Shah Deniz 2.

Shah Deniz equity holders:

bp (operator) – 29.99%

LUKOIL – 19.99%

TPAO – 19.00%

Southern Gas Corridor – 16.02%

NIKO – 10.00%

MVM – 5.00%