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IC - BP & partners spending $6B on Azeri oilfield complex - May 2019



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BP and partners approved a $6 billion plan for the Azeri Central East project. The project will be one of several in the giant Azeri-Chirag-Gunashli deepwater complex in the Azerbaijani part of the Caspian Sea. The investment is the first major decision since the ACG production sharing agreement was extended to 2049 two years ago.The partners have invested over $36 billion into the development of the ACG area since BP signed the original PSA in 1994. The development will include a......
 
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