Shafag-Asiman (Azerbaijani: Şəfəq və Asiman) is a large complex of offshore geological structures in the Caspian Sea located 125 km (78 mi) southeast of Baku, Azerbaijan.
According to the initial agreement, the offshore block will be jointly developed by BP and State Oil Company of Azerbaijan Republic (SOCAR).
[3] The MOU was followed by signing of Heads of Agreement on basic commercial principles on joint exploration and development of the fields by Rovnag Abdullayev and President of BP Azerbaijan, Rashid Javanshir, on July 6, 2010, during the visit of the President of BP, Tony Hayward, to Azerbaijan.
[3][9] The initial reserves are estimated to be about 500 billion cubic meters of gas and 65 million tons of condensate.
[10] The 2D geophysical surveys previously conducted at block indicate that these deeply laying structures may contain big amounts of gas.