Azerbaijani State Oil Company SOCAR together with BP Azerbaijan will conduct geological exploration at investment blocks in Uzbekistan.

BP, the operator of many projects in the energy sector of Azerbaijan, has recently published the 2019 first quarter results of its oil and gas production in the country.

BP is getting into the startup business launching its own well technology business, called Lytt, with other tech startups on the way, reports Trend citing to Reuters.

Central Azeri is a production, drilling and quarters (PDQ) platform at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields, which started its operation in December 2005. Due to technical maintenance of Central Azeri, it’s work was stopped since April 15.

BP saw a 2 percent growth in Upstream production in the first quarter of 2019, Trend reports citing the company.

BP’s profit for the first quarter of 2019 was $2,934 million, compared with $2,469 million for the same period in 2018, Trend reports citing the company.

BP, the world-famous British oil and gas company, has been successfully working in Azerbaijan for many years. In 2017, Azerbaijan and BP extended their agreement to develop the ACG fields to 2050, a deal dubbed by the Azerbaijani government as "the contract of the century" when first signed in 1994. The arrangement was initially due to run until 2024.

The final investment decision on the further development of Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea will have a minimal impact on the consolidated financial results of Japanese INPEX company, one of ACG shareholders, Trend reports citing INPEX.

BP, the operator of the development of the Azeri-Chirag-Guneshli (ACG) block of fields, has suspended production at Central Azeri platform for technical maintenance, Tamam Bayatli, the Head of Public Relations Department of the company, told correspondents in Baku, Trend reports.

Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Guneshli (ACG) field in the Azerbaijani sector of the Caspian Sea, has been sanctioned.