BP has agreed to sell a 25 percent participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea to LUKOIL, the company has reported.

BP, as operator of the Azeri-Chirag-Gunashli (ACG) block of fields, will start planned maintenance (turnaround - TAR) on the Chirag platform, as part of its ACG annual work programme, the company reported in its statement.

The oil production at the Azeri-Chirag-Guneshli block of fields, which are the largest oil field in the Azerbaijani sector of the Caspian Sea, hits 4 billion barrels on September 18, BP Azerbaijan reported on September 20.

Azerbaijan’s State Oil Company (SOCAR) and BP started the drilling of the first exploratory well in the North Khali prospective area of the Shallow Water Absheron Peninsula (SWAP) offshore block in the Azerbaijani sector of the Caspian Sea on August 16.

A ceremony of commissioning of Kazakhstan’s jack-up drilling rig Satti for drilling operations in the Azerbaijani sector of the Caspian Sea was held at the Caspian Drilling Company Ltd Marine and Logistics base, Azertag reported on August 9.

The total production at Azerbaijan's Azeri-Chirag-Guneshli (ACG) block of fields amounted to 85 million barrels in the half of 2021, BP Azerbaijan has said in its report.

The Baku-Tbilisi-Ceyhan (BTC) pipeline that takes Azerbaijani oil to Europe via Turkey, exported more than 13 million tons of crude oil in the first half of 2021, the pipeline’s operator BP Azerbaijan has said in its recent report.

The Shah Deniz consortium announced the commencement of production from the East South flank at 540m water depth, the company's press service has reported.

The Baku-Tbilisi-Ceyhan (BTC) pipeline that takes Azerbaijani oil to Europe via Turkey, exported over 6.7 million tons of crude oil in the first quarter of 2021, the pipeline’s operator BP Azerbaijan has said in its report.

The total production at Azerbaijan's Azeri-Chirag-Guneshli (ACG) block of fields amounted to 44 million barrels in the first quarter of 2021, BP Azerbaijan has said in its report.