Azerbaijan has promising potential in the field of renewable energy sources, Carolyn Gilbert, Assistant General Counsel at BP Azerbaijan said during the Caspian Technical Conference held in Baku on October 16-18, Trend reports.

Since the first oil production, the Azeri-Chirag-Gunashli field block (ACG) located in the Azerbaijani sector of the Caspian Sea has produced more than 3.6 billion barrels of oil in total.

The Innovation Agency under the Ministry of Transport, Communications and High Technologies organized a global event called "Falcons Summit" in Baku on April 24.

Orkhan Guliyev, vice president for safety and operational risk for the Azerbaijan Georgia Turkey region at BP Azerbaijan, has been appointed as general manager for the Rumaila sector effective June 1, 2019, BP Azerbaijan told Trend.

BP plans to drill six new exploration wells in Azerbaijan in 2019-2020, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend.

BP’s Azerbaijan operations as "a hotbed of innovation" in detecting and managing sand in well-streams, a worldwide problem that impacts the efficiency of the industry, BP's chief operating officer for production, transformation and carbon, Gordon Birrell, said in an interview with S&P Global Platts, Trend reports on Jan. 30.

Today, BP and Azerbaijani Energy Ministry signed Memorandum of Understanding aimed at joint study of the potential opportunities for the development of renewable energy in Azerbaijan.

BP is interested in developing the renewable energy sector in Azerbaijan, BP Vice President for Commercial Affairs in the Azerbaijan, Georgia and Turkey Niall Henderson said on December 14.

The long-term energy cooperation with BP has opened its track to alternative energy as well as oil and gas.

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.