UK supermajor BP has increased its exploration portfolio in Azerbaijan where it hopes to chalk up major new oil and gas discoveries in coming years.
According to Gary Jones, BP’s regional president for Azerbaijan, Georgia and Turkey, Caspian Sea Block D230 could host large oil reserves, and the Shafag-Asiman gas condensate play could prove comparable in scale to the company's giant Shah Deniz field, where BP is conducting further exploration.
