Azerbaijan registers two BP offices
Representative office of the BP Exploration (Shafag-Asiman) Limited was registered in Azerbaijan, Azerbaijani Taxes Ministry's website reported on Friday.
Head of the office is Rashid Javanshir, who is also the head of BP-Azerbaijan.
Also, the country registered representative office BP Shafag-Asiman Limited, official representative of which is Rashid Javanshir.
The SOCAR and BP signed the PSA on Shafag-Asiman for a period of 30 years. The exploration period is 4 years with possible prolongation for another 3 years. The first stage of exploration works envisions drilling of two wells. The second one assumes drilling of two more wells, if necessary. As the sides go over to the production stage, they will operate the project jointly. The two companies hold equal interests in the project.
"Shafag" and "Asiman" structures are located 125 kilometers to the south-east of Baku. Exploration work has not been conducted on the block before.
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