BP representative offices registered in Azerbaijan

Representative office of the BP Exploration (Shafag-Asiman) Limited was registered in Azerbaijan, Azerbaijani Taxes Ministry's official website reported on Friday.

Head of the office is Rashid Javanshir, who is also the head of "BP-Azerbaijan". Founder is BP Exploration (Shafag-Asiman) Limited (United Kingdom of Great Britain and Northern Ireland).
Also, the country registered representative office BP Shafag-Asiman Limited, official representative of which is Rashid Javanshir.

BP-Azerebaijan and Caspian Geophysical signed a contract to carry out 3D-seismic in May.
The SOCAR and BP signed the PSA on "Shafag-Asiman" for a period of 30 years. The exploration period is 4 years with possible prolongation for another 3 years. The first stage of exploration works envisions drilling of two wells. The second one assumes drilling of two more wells, if necessary. As the sides go over to the production stage, they will operate the project jointly. The two companies hold equal interests in the project.

"Shafag" and "Asiman" structures are located 125 kilometers to the south-east of Baku. SOCAR and BP signed a memorandum on "Mutual understanding" on the joint exploration and development of "Shafag" and "Asiman" in London in July 2009. Exploration work has not been conducted on the block before.


/Trend/