The Azerbaijani parliament approved the agreement concluded between the Azerbaijani state company SOCAR and British BP on production sharing for joint exploration and development on the D230 block in the North Absheron in the Azerbaijani sector of the Caspian Sea.

The work is underway to design an exploration well at the Shafag-Asiman block of fields, BP Azerbaijan told Trend.

In the first half of 2018, BP jointly with partners allocated $2.3 million for social investment projects in Azerbaijan, BP Azerbaijan told Trend Aug. 29.

Narmina Nabiyeva has been appointed to the role of BP Vice President Human Resources for the Azerbaijan, Georgia and Turkey (AGT) region effective June 18, 2018, BP Azerbaijan has said.

BP Azerbaijan company may use the Heydar Aliyev drilling rig of Azerbaijan’s state oil company SOCAR on the Shafag-Asiman offshore block of fields, Greg Riley, exploration vice president at BP Azerbaijan, told reporters in Baku May 31.

BP, together with its partners developing the Azeri-Chirag-Gunashli block of fields and the Shah Deniz field, invested more than $2 million in the School of Project Management (SPM), designed to train professional project managers from 2011 to 2018, BP Azerbaijan Vice President for Communications and External Affairs, Strategy in Azerbaijan, Georgia and Turkey Bakhtiyar Aslanbayli said.

BP and its co-venturers in the Azeri-Chirag-Gunashli, Baku-Tbilisi-Ceyhan, Shah Deniz, and South Caucasus Pipeline projects – SOCAR, TPAO, PETRONAS, Chevron, LUKOIL, NICO, Statoil, INPEX, ExxonMobil, SGC, ITOCHU, ONGC, TOTAL, Eni presented IT certificates to 100 community members from the Umid, Sahil, Azimkand, and Sangachal residential areas near Baku on January 31.

BP-Azerbaijan has said it continues planning for the first exploration well on the Shafag-Asiman block.

British Petroleum intends to further invest in its projects implemented in Azerbaijan, regardless the struck of a landmark deal between OPEC and non-OPEC states to put ceilings on oil output jointly.

The execution of Shah Deniz Stage 2 project, one of the largest energy projects in the world, nears its completion.