BP SHAFAG-ASIMAN LIMITED
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Cash
£27m
USD 36,000,000
Latest balance sheet
Net assets
£338m
USD 454,904,565
-5.2% vs 2024
Employees
0
Average over period
Profit before tax
£5.4m
USD 7,266,686
+344.5% highest in 3 filed years
Net assets
3-year trend · vs Energy median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£2,639,492 | -£1,832,109 | £4,907,818 | +367.9% | |
| Profit before tax | -£3,074,885 | -£2,205,280 | £5,392,717 | +344.5% | |
| Net profit | -£3,074,885 | -£2,205,280 | £5,392,717 | +344.5% | |
| Cash | — | — | £26,716,141 | — | |
| Total assets less current liabilities | £12,783,398 | £369,606,570 | £343,304,559 | -7.1% | |
| Net assets | £320,515 | £356,286,118 | £337,591,514 | -5.2% | |
| Equity | £320,515 | £356,286,118 | £337,591,514 | -5.2% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | £0 | £0 | £0 | — |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -20.6% | -0.5% | 1.4% | |
| Gearing (liabilities / total assets) | 99.9% | 3.8% | 1.9% | |
| Current ratio | — | 24.78x | 30.67x | |
| Interest cover | -6.06x | -3.45x | 9.97x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- BP SHAFAG-ASIMAN LIMITED 2011-07-12 → present
- BP SHAFAG ASIMAN LIMITED 2011-04-11 → 2011-07-12
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“No material uncertainties over going concern or significant judgements or estimates on the assessment were identified. Accordingly, the company will be able to draw on support from the bp group for the foreseeable future and these financial statements have therefore been prepared on a going concern basis.”
Group structure
- BP SHAFAG-ASIMAN LIMITED · parent
- BP Exploration (Shafag-Asiman) Limited 100%
Significant events
- “On 3 June 2025 BPSA, SOCAR and TPAO signed several agreements enabling TPAO to join the Shafag-Asiman EDPSA. TPAO owns 30% participating interest in the EDPSA – 15% transferred from bp and 15% from SOCAR.”
- “The exploration period under the EDPSA was extended to 30 June 2030 for carrying out the additional evaluation activities of the block, including the drilling of a well into the Lower Surakhany reservoir.”
- “In 2025, BP Shafag-Asiman Limited sold a 15% interest to TPAO, which resulted the carried obligation share of 53.85% for TPAO. Following this transaction, the decommissioning provision was reduced to reflect the Company's revised share of the obligation.”
- “During the fourth quarter of 2025, the expected decommissioning date of the well was revised to the second quarter of 2032, based on management's best estimate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BP SECRETARIES LIMITED | Corporate Secretary | 2026-02-11 | — | — |
| SUNBURY SECRETARIES LIMITED | Corporate Secretary | 2011-04-11 | — | — |
| CRISTOFOLI, Giovanni | Director | 2025-10-01 | May 1972 | British |
| FREEMAN, Jaqueline Sara | Director | 2016-01-01 | Feb 1968 | British |
| MCDONALD, Andrew Parker | Director | 2025-10-01 | Apr 1977 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARTLETT, John Harold, Mr. | Director | 2011-04-11 | 2012-02-27 |
| BIRRELL, Gordon Young | Director | 2012-11-15 | 2017-04-02 |
| JAVANSHIR, Rashid Jamil Oglu | Director | 2011-04-11 | 2012-11-15 |
| JONES, Robert Gary | Director | 2017-04-02 | 2025-10-01 |
| JULIUSSEN, Trine Lise | Director | 2022-01-14 | 2025-10-01 |
| JULIUSSEN, Trine Lise | Director | 2020-03-10 | 2020-09-30 |
| MACRAE, Sandra Jean | Director | 2012-02-27 | 2016-01-01 |
| PUFFER, Brian Michael | Director | 2011-04-11 | 2018-02-06 |
| SKINNER-REID, Elaine Patricia | Director | 2020-09-30 | 2022-01-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bp Exploration Operating Company Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-12 | AA | accounts | Accounts with accounts type full | |
| 2026-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-11 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-14 | AA | accounts | Accounts with accounts type full | |
| 2025-04-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-14 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-11-26 | SH01 | capital | Capital allotment shares | |
| 2024-08-24 | AA | accounts | Accounts with accounts type full | |
| 2024-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-15 | AA | accounts | Accounts with accounts type full | |
| 2023-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-20 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2022-08-22 | AA | accounts | Accounts with accounts type full | |
| 2022-07-08 | CH04 | officers | Change corporate secretary company with change date | |
| 2022-04-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-25 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 3
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.