12:46 - 12.02.2026

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February 12, Fineko/abc.az. In 2025, Shah Deniz operating expenses totaled approx. $2.315 billion and capital expenditures - nearly $1.087 billion.

ABC.AZ informs that this is stated in the information distributed by the field operator together with the partners of BP-Azerbaijan about the business by the end of 2025.

According to the report, the vast majority of those expenditures related to Shah Deniz 2.

The Production Sharing Agreement (PSA) for the exploration, development, and production of the Shah Deniz gas-condensate field was signed on June 4, 1996. The PSA on Shah Deniz was ratified on October 17, 1996. The field, located 70 km south-east of Baku, was discovered in 1999.

The project involves BP (operator – 29.99%), Southern Gas Corridor (16.02%), Lukoil (19.99%), TPAO (19%), MVM (5%), NIKO (10.00%).