BP Acquires 40% Stake in Uzbekistan Ustyurt Oil and Gas Blocks

BP has acquired a 40% participating interest in a production-sharing agreement for six exploration blocks in Uzbekistan's Ustyurt region: Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq, and Qulboy. First reported early on May 13, 2026, at 02:30 UTC, the deal expands BP's Central Asia upstream footprint and could boost long-term hydrocarbon supply. A later update at 06:48 UTC noted flat BP shares around $44.40 amid a $113.40B market cap, indicating limited near-term impact on WLDOIL but positive sentiment for oil exploration investments.