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BP in Azerbaijan

Filed under: Exploration, AzerbaijanEditor | July 15, 2009 @ 5:37 am (Views: 116)

A new agreement for BP and Socar.

BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) announced today they have signed a memorandum of understanding (MOU) to jointly explore and develop the Shafag and Asiman structures in the Azerbaijan sector of the Caspian Sea.  

BP is already a big player in Azerbaijan and they are of course the company that manages the BTC pipeline. So this is a natural development for the two companies that have been working together since 1992.

 


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