In the first half of 2026, bp and its partners allocated approximately $1.394 billion in operating expenses and about $712 million in capital expenditures to the development of the Shah Deniz gas condensate field. This is stated in bp's report.
For comparison, in the same period of 2025, operating expenses amounted to $1.282 billion, and capital expenditures to $472 million. According to calculations by Trend based on bp's report, operating expenses for the project increased by 8.7 percent, and capital expenditures by 50.8 percent year-on-year.
As bp notes, in the first half of 2026, gas supplies from the Shah Deniz field continued to the markets of Azerbaijan (SOCAR), Georgia (GOGC), Turkey (BOTAS), as well as via the Baku-Tbilisi-Ceyhan pipeline at several points and to European buyers.
During the reporting period, about 14 billion standard cubic meters of gas and 2 million tons of condensate (about 15 million barrels) were produced from the Shah Deniz Alpha and Shah Deniz Bravo platforms. The current production capacity of the field's existing infrastructure is about 76.8 million standard cubic meters of gas per day, or approximately 28 billion cubic meters of gas per year.
Participating interests in the Shah Deniz project are distributed as follows: bp (operator) - 29.99 percent, LUKOIL - 19.99 percent, TPAO - 19 percent, SGC - 16.02 percent, NICO - 10 percent, MVM - 5 percent.
