16:21 - 6.08.2026

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August 6, Fineko/abc.az. The additional evaluation is required at offshore block Shafag-Asiman (located 125 km southeast of Baku at water depths of 650–800 m) to identify the most suitable option to advance the project.

According to bp’s report, planning is underway for future activities at Shafag-Asiman, including drilling of an appraisal well into the Lower Surakhany (referred to in some translations as Nizhny Surakhany) reservoir.

In June 2025, the exploration period for the Shafag-Asiman block's Production Sharing Agreement was extended to allow for extra evaluation work, including drilling into the Lower Surakhany reservoir, while bp remains the project operator.

The participation shares for the Shafag-Asimanoffshore block are bp (operator) at 35%, SOCAR at 35%, and TPAO at 30% following its entry into the PSA in June 2025.