Vice president: BP expects to discover additional gas reserves in Azerbaijan

ECONOMICS  01 June 2023 - 14:11

Gordon Birrell, BP's executive vice president for production and operations, has said that the company expects to discover additional significant gas reserves in Azerbaijan.

He made the remarks while addressing the first day of the Baku Energy Forum, which began work today, Report informs.

According to him, gas reserves in deep strata in the Azeri-Chirag-Guneshli oil and gas field block in the Azerbaijani sector of the Caspian Sea are currently being assessed.

Birrell added that the opportunities of increasing gas production from the "Shah Deniz" gas condensate field are being studied, and a new exploration well is being drilled there: "As a result of these works, we will discover large gas reserves. We hope this will increase the volume of gas transported to Europe.

Baku is hosting the Baku Energy Week, combining three prestigious events under one name from May 31 to June 2.

Within the framework of the Baku Energy Week, the 28th International Caspian Oil and Gas Exhibition - Caspian Oil&Gas, the 11th Caspian International Energy and Green Energy Exhibition - Caspian Power and the 28th Baku Energy Forum (Conference) are being held.

Baku Energy Week is traditionally held with the support of the Ministry of Energy and the State Oil Company of the Republic of Azerbaijan (SOCAR).

The organizers of the Baku Energy Week are Iteca Caspian and Caspian Event Organizers together with ICA Events and CEM FZ LLC as international partners.

326 companies from 37 countries have confirmed their participation in the events to be held within the framework of Baku Energy Week.

The Caspian Oil&Gas and Caspian Power exhibitions are being held at the Baku Expo Center, and the Baku Congress Center will host the Baku Energy Forum.

Caliber.Az