New PSA may be signed by mid-2017 - BP

 New PSA may be signed by mid-2017 - BP
# 06 February 2017 09:32 (UTC +04:00)

BP and Azerbaijani government may sign the Production Sharing Agreement (PSA) on development of Azeri-Chirag-Guneshli (ACG) by mid-2017, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell said.

 

“The letter of intent was signed in December 2016. The negotiations are underway and we think the PSA will be signed by mid-2017”, he said.

 

 

 

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THE OPERATION IS BEING PERFORMED