Shah Deniz Stage 1
Shah Deniz is structured as an unincorporated Joint Venture (JV) partnership. BP is the operator of the Shah Deniz JV.
Shah Deniz Stage 1 started operations in 2006. It has the capacity to produce about 9 billion cubic meters of gas per annum (bcma) and approximately 50,000 barrels a day of condensate. BP and Shah Deniz partners have invested $6 billion in Shah Deniz Stage 1 up to date.
In the first three quarters of 2013, the field produced about 7.3 billion cubic metres (about 257 billion cubic feet) of gas and 1.85 million tonnes (about 14.6 million barrels) of condensate or about 26.6 million cubic metres of gas per day (941 million standard cubic feet per day) and 53,700 b/d of condensate.
Since the start of Shah Deniz production in late 2006 till the end of the third quarter of 2013, about 44.8 billion standard cubic metres (1,583 billion standard cubic feet) of Shah Deniz gas, and about 94.6 million barrels (11.9 million tonnes) of Shah Deniz condensate was exported to the markets.