BP Buys 61% Participating Interest in Azerbaijan Project -Reuters

Date : 09/14/2018 @ 3:56PM
Source : Dow Jones News
Stock : BP P.L.C. (BP)
Quote : 43.97  0.41 (0.94%) @ 2:56PM

BP Buys 61% Participating Interest in Azerbaijan Project -Reuters

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--BP PLC (BP, BP.LN) bought a 61% participating interest in the onshore Gobustan product-sharing agreement in Azerbaijan, Reuters reported Friday.

--BP intends to drill one exploration well, Reuters reported.

--In July, BP said the company and its partners started production at the Shah Deniz 2 gas development in Azerbaijan.

 

Full story at www.reuters.com/article/us-bp-azerbaijan/bp-buys-61-percent-stake-in-azerbaijans-gobustan-onshore-project-idUSKCN1LU270

 

Write to copydesk@dowjones.com

 

(END) Dow Jones Newswires

September 14, 2018 15:41 ET (19:41 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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