LSE:BP.Oil and Gas
BP’s Uzbekistan Entry Adds New Upstream Option To Portfolio Story
BP (LSE:BP) has agreed to take a 40% stake in six oil and gas blocks in Uzbekistan’s North Ustyurt region through a production sharing agreement.
The move marks BP’s first upstream project in Uzbekistan and a return to traditional exploration activity in Central Asia.
The agreement involves partnerships with SOCAR and Uzbekneftegaz, expanding BP’s exploration footprint in the region.
For readers tracking BP’s portfolio shifts, this entry into Uzbekistan sits alongside its existing mix of...