BP Buys 61% Stake In Azerbaijan's Gobustan Onshore Project

Source: Reuters 9/14/2018, Location: Asia

British oil major BP has acquired a 61 percent participating interest in the existing onshore Gobustan PSA (product sharing agreement) in Azerbaijan, BP Azerbaijan said on Friday. BP, as operator, plans to drill one exploration well to appraise a potential prospect in the contract area in the second half of 2019, the company said in a statement.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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