Shah Deniz Produces 14 Billion Cubic Meters of Gas in H1 — Project Expenditure Tops $2.1 Billion (bp)

15:34 - 6.08.2026


August 6, Fineko/abc.az. During the first half of 2026, the Shah Deniz Alpha and Shah Deniz Bravo platforms combined produced approximately 14 billion standard cubic meters of natural gas and nearly 2 million tonnes (approx. 15 million barrels) of condensate, according to an operational update from bp.

Gas deliveries from the field continued to markets in Azerbaijan (SOCAR), Georgia (GOGC), Turkey (BOTAŞ), the BTC pipeline for operational needs, and buyers in Europe. The daily production capacity of the existing Shah Deniz facilities currently stands at approximately 76.8 million (approx. 28 billion per year) standard cubic meters.

During the six-month period, operational expenditure on Shah Deniz activities reached approximately $1.394 billion, while capital expenditure stood at $712 million, bringing total spending to over $2.1 billion.

Shareholders in the Shah Deniz project are: bp (operator – 29.99%), LUKOIL (19.99%), TPAO (19%), Southern Gas Corridor (16.02%), NICO (10%), and MVM (5%).