Middle East Economic Survey
VOL. LIII
No 41
11-Oct-2010
CASPIAN
BP And Socar Sign PSA For Shafag-Asiman Structure
BP and Azeri state firm Socar signed a 30-year production sharing agreement (PSA) in Baku on 7 October for joint exploration and development of the Shafag-Asiman structure in the Azeri sector of the Caspian Sea. BP will be operator with 50% equity and Socar will hold 50%. The block is undrilled and lies some 125km southeast of Baku. It covers 1,100 sq km with water depths of...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!