We will continue to work closely with the government of Azerbaijan, SOCAR and other partners towards our next target of gas to Europe in 2020, BP Azerbaijan chief

Baku, July 2, AZERTAC “We look forward to continuing to build on this extraordinary delivery and work closely with the government of Azerbaijan, SOCAR and other co-ventures towards our next target of gas to Europe in 2020,” said Gary Jones, BP’s Regional President for Azerbaijan, Georgia and Turkey. Jones mentioned that the first commercial gas to Turkey in 2018 is a significant target the company had promised to deliver since the start of this major project. “Working together with the regional governments and our co-ventures in the Shah Deniz consortium, we have met this target safely, on schedule and within budget. This demonstrates that together we can successfully deliver high quality projects. BP as operator is very pleased that the longstanding partnerships we have in Azerbaijan and the entire region have allowed us to bring this world class project to success enabling us to meet our commitments to consumers in Turkey,” he added. Shah Deniz – located in the Caspian Sea offshore Azerbaijan is the largest ever gas discovery made by BP. The giant field covers approximately 860 square kilometres; The field was discovered in 1999 – with approximately 1 trillion cubic metres of gas and 2 billion barrels of condensate initially in place. The first phase of the Shah Deniz field came on production in 2006 and currently produces more than 10 billion cubic metres per annum (bcma) of gas delivering to Azerbaijan, Georgia and Turkey. Total production from Shah Deniz to date is more than 91 billion standard cubic metres of gas and around 23 million tonnes of condensate. The first commercial gas deliveries from the Trans Anatolian Natural Gas Pipeline Project (TANAP) to Turkey started on 30 June 2018. Overall progress in works in relation to the Stage 2 of the development of TANAP project is 94.8 percent. TANAP project costs $8 billion ($5.5 billion spent as of the end of May 2018). The share distribution in TANAP is as follows: Southern Gas Corridor CJSC - 51 percent, SOCAR Turkey Enerji A. Ş (STEAŞ) - 7 percent, Botas - 30 percent, and BP - 12 percent.