Approximately $785 million in operating expenditures and about $336 million in capital expenditures were spent on activities under the Shah Deniz gas-condensate field development project in the first quarter of this year (total – $1,121 million), APA-Economics reports, citing BP’s report on its operations in Azerbaijan for the first quarter of 2026.
According to the report, during the quarter, gas deliveries from the Shah Deniz field continued to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Türkiye (to BOTAŞ), to BTC for multiple facilities, and to buyers in Europe.
“In the first three months of the year, a total of approximately 7 billion standard cubic meters of gas and about 1 million tons (approximately 7 million barrels) of condensate were produced from the field — from the Shah Deniz Alpha and Shah Deniz Bravo platforms combined. The existing Shah Deniz facilities currently have a production capacity of approximately 74.2 million standard cubic meters per day (about 27.1 billion per year).
It was reported that during the first quarter of 2026, drilling operations completed additional perforation work at the SDA09 and SDA07 wells on the Shah Deniz Alpha platform.”
In addition, the Istiglal and Heydar Aliyev drilling rigs continued work on wells within the Shah Deniz 2 project. During the quarter, the Istiglal drilling rig carried out logging and casing operations at the SDD05 well on the western flank, followed by completion works at the same well. The Heydar Aliyev drilling rig, in turn, continued drilling operations at the SDH05 well on the east-north flank.
In total, 23 wells have been drilled under Shah Deniz 2. These include five wells on the northern flank of the field, five on the western flank, four on the east-south flank, five on the west-south flank, and four on the east-north flank.
