The volume of gas extracted from the Shah Deniz gas and condensate field in Azerbaijan has reached 250 billion cubic meters, ...

On June 3, 2025, a final investment decision has been reached by the Shah Deniz consortium for the expansion of the Shah ...

Gas production from the Shah Deniz gas and condensate field, located in the Azerbaijani sector of the Caspian Sea, has reached 250 billion cubic m ...

Baku hopes reserves at the Umid and Babek fields may eventually rival the country's largest offshore gas asset, the BP-operated Shah Deniz project ...

BP and its partners have sanctioned a new phase of development for the Shah Deniz gas field and gained access to two new exploration blocks in Azerbaijan. The agreements, which also include ...

BP pointed out in its release that the Shah Deniz Compression project is valued at $2.9 billion and that the company operates the Shah Deniz gas field with a 29.999 percent participating interest.

In the Shah Deniz Compression project, BP owns 29.99% as an operator, LUKOIL - 19.99%, TPAO - 19.00%, SGC - 16.02%, NICO - 10.00% and MVM - 5%. All projects fully meet BP's financial capabilities and ...

Hungarian state-owned energy group MVM has secured a 5% stake in the next phase of Azerbaijan’s flagship Shah Deniz gas field, joining a $2.9bn development led by BP. The move marks a ...