BP has secured a 40% stake in six oil and gas exploration blocks in Uzbekistan's North Ustyurt region. This move marks a return to Central Asian exploration through a production sharing agreement with partners SOCAR and Uzbekneftegaz. The investment highlights the ongoing tension in BP's strategy as it balances traditional hydrocarbon growth with its broader energy transition goals and a 20 billion dollar divestment plan. The project remains in the exploration phase, with future spending dependent on resource quality and global portfolio priorities.
