BP could find new gas giant offshore Azerbaijan
BP Plc and its partners just spent $28 billion bringing a giant natural gas project in Azerbaijan online, and that may only be the start, Trend reports citing Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey.
The British oil major intends to drill six new exploration wells in the country by 2020, Jones told Bloomberg.
If his expectations are met, the company could find a new gas play that’s about the same size as Shah Deniz, according to the
report.
“Alongside Brazil, Azerbaijan stands out in terms of the areas of focus for the next few years,” Jones said in a phone interview. “It’s a very significant exploration program for us, which demonstrates the confidence and the role that we see in the Caspian.
BP is targeting the Shafag-
Jones said capital spending decisions haven’t yet been affected by a decline in oil prices late in the year, though it renewed BP’s focus on finding out whether there are more big fields in Azerbaijan.
Upon completion, the Shah Deniz 2 project will add a further 16
News.Az