BP produces 14 bcm of Shah Deniz gas in H1 2026

BP Azerbaijan produced 14 billion cubic meters of gas from the Shah Deniz field in the first half of 2026, matching the figure recorded in the same period last year, according to the company's January-June 2026 operational report.

Report informs that condensate production during the indicated period amounted to around 15 million barrels, down 6.2% year-on-year.

The total production capacity of Shah Deniz facilities currently stands at approximately 76.8 million cubic meters of gas per day, or about 28 billion cubic meters annually.

Consortium spending on the Shah Deniz project increased by 20.1% in January-June 2026 compared with the same period in 2025, reaching $2.106 billion. Operating expenses rose by 8.7% to $1.394 billion, while capital expenditures increased by 50.8% to $712 million. Most of the capital spending was allocated to works under the second stage of field development.

Within the framework of Shah Deniz Stage 2, a total of 24 wells have been drilled, including five each on the northern, western, southwestern and northeastern flanks of the field, and four on the southeastern flank.

The production sharing agreement for the development of Shah Deniz was signed in 1996. The project partners are BP plc of the UK (technical operator) with 29.99%, LUKOIL with 19.99%, Türkiye's TPAO with 19%, Azerbaijan's Cenub Qaz Dehlizi with 16.02%, Iran's NICO with 10%, and Hungary's MVM with 5%.