bp enters production sharing agreement in North Ustyurt, Uzbekistan

Summary

bp has entered a production sharing agreement (PSA) for six blocks in the North Ustyurt region of Uzbekistan, acquiring a 40% interest. The agreement was signed with SOCAR and Uzbekneftegaz, with SOCAR as the operator. This marks bp's first project in Uzbekistan, aimed at exploring and developing the country's oil and gas resources.

Recent Coverage

• bp acquires interest in six blocks in Uzbekistan

  Oil & Gas Journal - Exploration & Production • May 13

• BP Dives Into Central Asia With Uzbekistan Debut

  Energy Intel • May 13

• bp takes 40% stake in Uzbekistan’s North Ustyurt PSA

  Oil and Gas 360 • May 13

• BP Buys 40% Stake in Uzbek Oil and Gas Blocks

  OilPrice.com • May 13

• BP buys 40% stake in Uzbekistan oil and gas blocks

  Reuters Energy • May 13