20 February 2026
20 February 2026
The objective of the primary exploration target was to identify petroleum in Lower Jurassic reservoir rocks.
Set for 12 August 2026, Lease Sale BBG3 continues the series of 30 sales required by the legislative mandate.
The EDPSA awaits legislative approval in Azerbaijan and completion of other required legal and regulatory steps before taking effect.
The planned FSO unit will have an operational life of 30 years and a minimum storage capacity of 800,000bbl.
The agreement covers a firm period of five years, with the option for three additional one-year extensions.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
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