BAKU, June 2 (Reuters) - Turkish state oil company TPAO will sign a gas production-sharing agreement with Azerbaijan's SOCAR and BP (BP.L) , opens new tab for the Shafaq-Asiman offshore block on the Caspian sea, Turkey's energy minister said on Monday.

"Today, we are taking further steps with the signing of a major agreement that will increase our oil and gas production in Azerbaijan," Minister Alparslan Bayraktar said at the Baku Energy Week conference.

Sign up here.

TPAO's share will be 30% and there are also "talks on other fields," Bayraktar said, according to a ministry statement, which added that the agreement will be signed on Tuesday.

The Shafag-Asiman block is 125 kilometres (78 miles) southeast of Baku and at depth of 650-800 metres, according to SOCAR's website. The first exploration well was drilled in 2020.

https://www.reuters.com/business/energy/turkey-azerbaijan-bp-caspian-sea-oil-gas-production-deal-2025-06-02/