BAKU, Azerbaijan, June 2. Executives from
Uzbekistan’s state energy company Uzbekneftegaz and British energy
giant bp met on the sidelines of Baku Energy Week 2026 to discuss
progress on a major oil and gas project in Uzbekistan's Ustyurt
region and opportunities for deeper long-term cooperation, Trend reports via the
Uzbekneftegaz.
The talks brought together Uzbekneftegaz Chairman Abdugani
Sanginov, bp Executive Vice President Gordon Birrell, and Giovanni
Cristofoli, bp's Senior Vice President for the
Azerbaijan-Georgia-Türkiye region.
bp representatives praised the constructive cooperation between
the two sides and highlighted their participation in a Production
Sharing Agreement (PSA) project in the Ustyurt region.
During the meeting, the parties reviewed a detailed action plan
for the project extending through 2029, developed following
previous discussions in Tashkent. They also discussed the timeline
for completing the interpretation of geophysical data collected as
part of the project.
Sanginov proposed launching drilling operations by the end of
2027 in an effort to accelerate implementation of what he described
as a strategically important initiative. The discussions focused on
optimizing project phases and speeding up operational
processes.
bp executives emphasized the company's commitment to long-term
partnerships in the countries where it operates.
"We have been working in many of our host countries for decades.
Our entry into the Uzbek market is not aimed at short-term gains
but at building a strategic partnership for the next 50 to 60
years," company representatives said.
Sanginov noted that broader adoption of advanced technologies
remains one of the most important priorities for Uzbekistan's oil
and gas industry.
"Today, the sector requires new approaches across the entire
production chain, from drilling operations to field development.
Many processes still rely on outdated technologies," he said.
bp also highlighted its capabilities in advanced seismic data
analysis using high-performance supercomputers and sophisticated
algorithms based in the United States. Company representatives
expressed readiness to introduce these digital technologies and
analytical tools to support Uzbekistan's oil and gas sector.
The meeting concluded with both sides reaffirming their
commitment to strengthening cooperation and advancing joint
projects in the country's energy industry.
