BP

BP buys 61% in contract for development of land field in Azerbaijan

BP has acquired a 61% equity participation in agreement on production sharing on onshore oilfield South-Western Gobustan in Azerbaijan, it follows from message of BP-Azerbaijan.

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Extraction from SDB platform within Phase-2 of Shah Deniz project is carried out from 4 wells - BP

Production of gas and condensate from the Shah Deniz Bravo platform (SDB) within Phase-2 of the Shah Deniz development project is being carried out from 4 production wells, the company's presid

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BP registers company in Azerbaijan to develop shallow waters of Absheron archipelago

On June 29, 2018, the Ministry of Taxes of Azerbaijan has registered a representative office of BP Exploration (Abseron) limited, the Tax Ministry reports.

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In H1, BP-Azerbaijan reduced gas production from Shah-Deniz by 2%

In the first six months of 2018, BP-Azerbaijan extracted 5 billion cubic meters of gas from the Shah-Deniz field, the company reported to the Interfax-Azerbaijan.

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In H1 2019 BP plans to begin seismic studies on the promising block D230 in the Caspian Sea

In the first half of 2019 BP is planning to begin seismic studies on the prospective block D230 at Northern Absheron in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan informed.

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Rosneft provided almost a third of BP's production

BP received about $900 million from participation in Rosneft

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In Q2, Rosneft’s net profit, fallen on BP’s share, grew almost 3 times

In the second quarter of 2018, the Rosneft's net profit, attributable to BP, amounted to $766 million, as it follows from the report of BP.

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Oil transportation via BTC in increased slightly in H1 2018

The volume of oil pumping through the Baku-Tbilisi-Ceyhan (BTC) pipeline in the first half of 2018 amounted to 16 million 552 thousand tons, which is 0.4% higher than the same period of 2017, Inter

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New technologies to cost oil companies 24 trillion rubles

The digital transformation of the oil industry, which Russia started thinking about ten years ago, will require 24 trillion rubles until 2035, but will bring the industry and the economy as a whole

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SOCAR and BP may take part in development of fields in Uzbekistan

Uzbekneftegaz, Azerbaijani state-owned company SOCAR and British Petroleum Exploration (Caspian Sea) will explore opportunities for development of deposits in Uzbekistan.

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