The acquisition expands BP’s footprint in Central Asia with access to six exploration blocks in Uzbekistan’s Ustyurt region.
BP has acquired a 40% participating interest in a production-sharing agreement covering six oil and gas exploration blocks in Uzbekistan’s Ustyurt region. The blocks include Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq, and Qulboy, marking the company’s latest expansion in Central Asia.
The deal follows BP’s ongoing efforts to diversify its upstream portfolio beyond traditional markets. Uzbekistan has increasingly attracted foreign investment in its energy sector, though exploration risks remain in the region.
No immediate market reaction was disclosed, but the move signals BP’s strategic focus on emerging hydrocarbon opportunities.