South Caucasus Pipeline expends $15 million in capex

The plan for 2012 is to spend $15 million in South Caucasus Pipeline (SCP) in capital expenditures.
In 2011, SCP spent $8.8 million in capital expenditures. The pipeline has been operational since late 2006 transporting gas to Azerbaijan and Georgia, and starting July 2007 to Turkey from Shah Deniz Stage 1.

In 2011, SCP daily average throughput was 12.5 million cubic meters of gas per day.
The SCP has a dual operatorship with BP as the technical operator being responsible for construction and operation of the SCP facilities and Statoil, as commercial operator, is responsible for SCP's business administration.

The SCP Co. shareholders are: BP (technical operator – 25.5%), Statoil (commercial operator - 25.5%), Azerbaijan SCP Ltd. (10%), LUKOIL (10%), NICO (10%), Total (10%), and TPAO (9%).
 

/AzerTAc/