BP Takes On Europe's Caspian Gas Challenge

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
  • Almost 30 years after it signed the Contract of the Century for the Azeri-Chirag-Guneshli (ACG) oil fields off Azerbaijan, BP's production growth in the country is being driven by gas.
  • Results from ongoing drilling campaigns will give some indication of just how much Caspian gas the UK major will be able to supply to a fuel-hungry Europe.
  • Azerbaijan ticks important boxes for BP as a country where it is well established and has made significant investments in infrastructure.

The Issue

Gas Supply, Corporate Strategy , Offshore Oil and Gas, Conventional Oil and Gas
Wanda Ad #2 (article footer)
Despite supportive AGM votes, proactive shareholder engagement by Western majors is more important than ever to avoid missing crucial signposts that could result in permanent capital flight.
Tue, Jun 6, 2023
Deteriorating global macroeconomic conditions have dented climate tech investment, but signs for the future are still promising.
Fri, Jun 9, 2023
Brussels will launch its second joint gas procurement tender despite market participants still being unsure over its usefulness as a trading tool.
Fri, Jun 9, 2023