Baku, August 6, AZERTAC
Further evaluation of the Shafag-Asiman block is required to help identify the most suitable option to advance the Project, bp Azerbaijan has told AZERTAC.
To this end, work is underway to plan for future activities, including drilling a well into the Lower Surakhany reservoir. To enable these activities, the exploration period under the Shafag-Asiman Production Sharing Agreement (PSA) was extended in June 2025, with bp continuing as operator during this period.
The participating interests in Shafag-Asiman are as follows: bp (operator – 35%), SOCAR (35%), and TPAO (30%, joined the PSA in June 2025).