Permission provided to commence drilling activities in Shallow Water Absheron

In the Shallow Water Absheron Peninsula (SWAP) area, preparations are ongoing for drilling exploration wells in three prospective areas, Report informs, with reference to BP-Azerbaijan.

The Environmental and Socio-economic Impact Assessment (ESIA) for the first SWAP well was disclosed in August 2020 and following public discussions was approved by the government in January 2021 providing permission to commence drilling activities in 2021.

On December 22, 2014, SOCAR and BP signed the Production Sharing Agreement (PSA) on joint exploration and development of potentially promising structures in the shallow water areas of the Absheron peninsula.