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Project Insights

BP’s Caspian drilling could tally with TAP Phase 2

BP is set to start drilling the Shafag-Asiman area this year, which could reveal a field as big as Shah Deniz and trigger the expansion of the Southern Gas Corridor BP is set to start drilling the Shafag-Asiman area this year, which could reveal a field as big as Shah Deniz and trigger the expansion of the Southern Gas Corridor.
By Silvia Favasuli 7 March 2019 Europe & Russia / Exploration & Production 0 34013
A platform in the Shah Deniz field. (BP)

The key issue: BP is poised to start a two-year drilling programme in Azerbaijan’s section of the Caspian Sea. The timing coincides with the allocation process for the second phase of the Trans-Adriatic Pipeline, giving BP an option for exporting potential discoveries to Europe.

Interfax analysis: BP’s next drilling programme in Azerbaijan could be good news for the future of the Southern Gas Corridor pipeline network and Brussels’ efforts to diversify European gas supplies. 

The company is set to start drilling in the Shafag-Asiman field this year...