April 19, 2019 / 8:02 AM / 3 months ago

BP, SOCAR sign deal to invest in new Azeri oil exploration platform

BAKU, April 19 (Reuters) - Oil major BP and Azerbaijan's state energy company SOCAR signed an investment decision on Friday to build a new exploration platform for the South Caucasian nation's ACG oilfields, BP-Azerbaijan said in a statement.

The platform is expected to produce 100,000 barrels of oil daily and cost $6 billion to build, the company said. (Reporting by Nailia Bagirova; Writing by Tom Balmforth; Editing by Mark Potter)

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