Volume of funds to be spent on Shah deniz project known

During the first half of 2012, Shah deniz spent $154.6 million in operating expenditure and $471.7 million in capital expenditure.

For the full year, about $7211.5 million in operating expenditure and $1.340 million in capital expenditure are expected to spend on ACG activities.The companies involved in ACG are: operating company BP (25.5%), SOCAR (10%), Norwegian Statoil (25.5%); LUKoil (10%), Niko (10%), Total (10%) as well as Turkey’s TPAO (9%).


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