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BP plans six exploration wells in Azerbaijan's Caspian Sea

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BP plans to drill six new exploration wells in Azerbaijan by 2020 targeting the ShafagAsiman area, an unexplored region of the Caspian Sea which the company hopes could be as large as Shah Deniz 2 project. Drilling is scheduled to begin later this year. BP has a PSA with Azerbaijan’s state-held SOCAR, an agreement which gives BP operatorship of the Shafag-Asiman structure and each partner a 50% stake. The block lies ~125 km southeast of Baku, covering 1,100 sq km.......
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