Global Infrastructure SherpaBP and SOCAR in talks for Ustyurt project cooperation
BP is in talks with SOCAR for possible cooperation on the Ustyurt hydrocarbon exploration project in Uzbekistan.
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SOCAR holds a 50% stake in the project. Quote: "SOCAR holds a 50% stake in the project." SOCAR has already begun seismic exploration. Quote: "SOCAR has already begun seismic exploration." The Ustyurt project is considered a promising area for hydrocarbon exploration. Quote: "The Ustyurt project is located on the Ustyurt Plateau in western Uzbekistan and is considered a promising area for hydrocarbon exploration." BP is actively cooperating with SOCAR and working towards reaching an agreement. Quote: "I can confirm that we are actively cooperating with SOCAR and working towards reaching an agreement,"
"Cristofoli also said the group was in talks with Azerbaijani state oil company SOCAR about possible cooperation on the Ustyurt project in Uzbekistan."
"Cristofoli also said the group was in talks with Azerbaijani state oil company SOCAR about possible cooperation on the Ustyurt project in Uzbekistan."
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