Tag Archives: production sharing agreement

SOCAR, bp and Uzbekneftegaz Advance Strategic Oil and Gas Development Partnership in Central Asia

(IN BRIEF) bp has entered a production sharing agreement covering six exploration blocks in Uzbekistan’s North Ustyurt region, marking the company’s first upstream project in the country. The agreement expands bp’s exploration portfolio and strengthens cooperation with SOCAR and Uzbekneftegaz. … Read the full press release

MOL and SOCAR Expand Partnership with New Onshore Oil Exploration Project in Shamakhi-Gobustan

(IN BRIEF) MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement covering Azerbaijan’s Shamakhi-Gobustan regions, reinforcing their strategic energy partnership. MOL is expected to act as operator with a 65% share, while SOCAR … Read the full press release