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Shah Deniz gas output down 4.8% year-on-year, condensate unchanged

GenevaTimes by GenevaTimes
November 4, 2026
in Europe
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Shah Deniz gas output down 4.8% year-on-year, condensate unchanged
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Shah Deniz gas output down 4.8% year-on-year, condensate unchanged

BAKU, Azerbaijan, November 4. In the first nine
months of the year, Azerbaijan’s Shah Deniz field produced around
20 billion standard cubic metres of gas and about 3 million tonnes
(around 21 million barrels) of condensate in total from the Shah
Deniz Alpha and Shah Deniz Bravo platforms, bp said in its latest
report.

As such, condensate production remained unchanged compared with
the first nine months of 2025, while natural gas production
decreased by 4.8% year-on-year (21 billion standard cubic metres in
the first three quarters of 2025).

During the third quarter, the Shah Deniz field continued to
provide gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC),
Türkiye (to BOTAS), Baku-Tbilisi-Ceyhan (BTC) in multiple locations
and to buyers in Europe.

The existing Shah Deniz facilities’ production capacity is
currently about 79 million standard cubic metres of gas per day or
approximately 28.8 billion standard cubic metres per year.

The Shah Deniz 2 project




bp said that in the third quarter of 2026, Shah Deniz 2
progressed with the subsea execution scope of the East North flank
wells, achieving the start-up of the fourth well on this flank in
September.

“While the Shah Deniz 2 activities, including the delivery of
the remaining wells within the project, remain the primary mission
for the subsea construction vessel Khankendi, during the first nine
months of the year the vessel was involved in a multi-well subsea
intervention campaign in the ACG Deepwater Gunashli area supporting
early identification of opportunities for pressure management and
production rate enhancement in ACG. During this period, the diving
support vessel Tofig Ismayilov provided life-of-field support,
covering services, surveys, and interventions across all of the
Shah Deniz 2 and ACG subsea producing assets. This is part of the
integrated schedule, ensuring the efficient utilization of vessels
and drilling rigs to optimize activities and accelerate well
start-up dates,” reads the report.

Shah Deniz participating interests are: bp (operator – 29.99%),
LUKOIL (19.99%), TPAO (19.00%), SGC (16.02%), NICO (10.00%) and MVM
(5.00%).



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