BP exits Azerbaijan exploration

摘要

BP has resolved to end its participation in a shallow-water exploration project in Azerbaijan despite high initial expectations from the country's authorities. However, the UK supermajor remains hopeful about the prospects of two other deep-water Caspian Sea tracts. Speaking in Baku, BP head of Caspian communications and advocacy Bakhtiyar Aslanbayli said three exploration wells drilled in the Shallow Water Absheron Peninsula (SWAP) block in 2021 and 2022 failed to hit commercial hydrocarbons.