In the first quarter of 2026, bp and its co-venturers spent around $785 million in operating expenditure and around $336 million in capital expenditure on Shah Deniz activities.

According to bp Azerbaijan, during the quarter, the Shah Deniz field continued to provide gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Türkiye (to BOTAS), BTC in multiple locations and to buyers in Europe.

In the first quarter of 2026, the field produced around 7 billion standard cubic metres of gas and about 1 million tonnes (around 7 million barrels) of condensate in total from the Shah Deniz Alpha and Shah Deniz Bravo platforms.

The existing Shah Deniz facilities’ production capacity is currently about 74.2 million standard cubic metres of gas per day or approximately 27.1 billion standard cubic metres per year.

In the first quarter of 2026, Shah Deniz 2 progressed with the subsea execution scope of the West flank wells.

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 quarter 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 of 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 the vessel and drilling rigs to optimize activities and accelerate well start-up dates.

During the first quarter, the Shah Deniz Compression (SDC) project progressed safely and on schedule.

The SDC platform topsides and jacket fabrication activities moved forward as planned at the Bayil fabrication yard and the Heydar Aliyev Baku Deepwater Jackets Factory respectively, with steady progress on primary steel and structural components, including jacket elements and subsea structures.

Marine and subsea engineering activities are also on track, with the detailed design progressing as planned and key technical reviews completed.

Procurement continued to advance across several critical package streams, remaining aligned with fabrication and installation timelines.

The $2.9 billion SDC project is designed to help access and produce low pressure gas reserves in the field and maximize resources recovery. It is expected to enable around 50 billion cubic metres of additional gas and approximately 25 million barrels of additional condensate production and export from the field.

The project involves installation of a new compression facility – an electrically-powered unmanned compression platform, or Normally Unattended Installation (eNUI), and several associated facilities offshore in the Shah Deniz contract area. Additionally, it encompasses brownfield works to be undertaken at the Shah Deniz Alpha (SDA) and Bravo (SDB) platforms, as well as at the Sangachal terminal.

It is expected that the construction of the SDC platform will be completed in 2029 for the facility to be ready to receive first gas for compression from the SDA platform in 2029 and from the SDB platform in 2030.

During the first quarter of 2026, the Shah Deniz Alpha platform completed additional perforation activities on the SDA09 and SDA07 wells.

The Shah Deniz 2 project progressed with the wells programme activities using the Istiglal and Heydar Aliyev rigs. During the quarter, the Istiglal rig carried out log and tieback run and subsequent completion activities on the SDD05 well on the West flank. The Heydar Aliyev rig continued drilling the SDH05 well on the East North flank.

In total, 23 wells have been drilled and completed for Shah Deniz 2 to date. These include five wells on the North flank, five wells on the West flank, four wells on the East South flank, five wells on the West South flank and four wells on the East North flank.