According to Russian media, Baku reported on October 9th, BP, Europe’s second largest oil company, signed an agreement with Azerbaijan on October 7 to explore and develop an atmospheric field in the Caspian Sea.
Attending the 30-year signing ceremony for the Shafag-Asiman gas field agreement in Deepwater was the arrival of Bob Dudley, the new chief executive of BP. This was the first time Dudley had served as the new CEO of BP since early this month. An agreement.
The two parties stated in a joint statement that BP and Azerbaijan’s national oil company (SOCAR) have signed a new production sharing agreement aimed at joint exploration and development of the Shafag-Asiman field in the Azerbaijan-based waters off the Caspian Sea.
The Shafag-Asiman block is located 125 kilometers southeast of Baku, Azerbaijan, and has an area of ​​approximately 1,100 square kilometers and a water depth of 650 to 800 meters. It is reported that this block has never been explored.
According to the agreement, BP will act as an operator and own 50% of the shares, SOCAR owns another 50% of the shares.
The joint statement did not disclose the financial details of the agreement.
Attending the 30-year signing ceremony for the Shafag-Asiman gas field agreement in Deepwater was the arrival of Bob Dudley, the new chief executive of BP. This was the first time Dudley had served as the new CEO of BP since early this month. An agreement.
The two parties stated in a joint statement that BP and Azerbaijan’s national oil company (SOCAR) have signed a new production sharing agreement aimed at joint exploration and development of the Shafag-Asiman field in the Azerbaijan-based waters off the Caspian Sea.
The Shafag-Asiman block is located 125 kilometers southeast of Baku, Azerbaijan, and has an area of ​​approximately 1,100 square kilometers and a water depth of 650 to 800 meters. It is reported that this block has never been explored.
According to the agreement, BP will act as an operator and own 50% of the shares, SOCAR owns another 50% of the shares.
The joint statement did not disclose the financial details of the agreement.
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