11 January, 2019
British oil major BP has announced plans to drill six new exploration wells in Azerbaijan by 2020 after the successful start-up of the giant Shah Deniz field in the South Caspian Sea.
According to Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey, the company could find a new gas field that is as large as the Shah Deniz project with a capacity of 16bn cubic metres of gas per year.
In June 2018, BP and its partners including Lukoil and Petronas brought the second phase of Shah Deniz online through a new link between the Caspian Sea and Turkey.
From 2020, gas will also flow to Greece, Bulgaria and Italy when the final stage of the pipeline is completed.