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About: Shallow Water Absheron Peninsula     Goto   Sponge   NotDistinct   Permalink

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Shallow Water Absheron Peninsula (SWAP) is a prospective exploration area around the Absheron Peninsula in Azerbaijan. On 22 December 2014, SOCAR and BP signed a production sharing agreement on the joint exploration and development of potential prospects in the shallow water area around the Absheron peninsula. The contract was ratified by the Azerbaijani parliament on 14 April 2015.