BP EXPLORATION (CASPIAN SEA) LIMITED
Company Information
- Company Number
- 00404347
- Registered Address
- Chertsey Road, Sunbury On Thames, Middlesex, TW16 7BP
- Status
- Active
- Employee Count
- 2,528
- Turnover
- £1,383,753,000
- EBITDA
- £1,201,622,000
Additional Details
- Website
- https://bp.com
- Company Type
- Private limited Company
- Incorporated On
- 11 February 1946
- Nature of Business
- 06100 - Extraction of crude petroleum
- Industries
- Property,Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 18 | 97% | 2% | 1% | 15% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 28 | 84% | 15% | 1% | 13% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 28 | 80% | 19% | 1% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 27 | 83% | 16% | 1% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 29 | 84% | 15% | 1% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 26 | 91% | 8% | 1% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 30 | 75% | 22% | 3% | 25% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 27 | 86% | 13% | 1% | 12% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 25 | 90% | 10% | 0% | 9% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard contractual terms for the payment to suppliers are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment statistics disclosed in this report can be affected by a number of different factors including payments made to other BP group companies which are included within the data disclosed. Invoices are often reported as due but not paid within agreed terms because contract payments due on weekends or bank holidays are typically paid on the following business day and the company typically initiates payments in batches, on a Daily basis; where this is the case payments will normally be received by the supplier within a few days of the due date.
Maximum contractual payment period agreed
45
Dispute Resolution Process
The Company will notify suppliers of any invoice disputes. The Company and the supplier will endeavour to resolve all disputes by agreement of the parties. Once resolved, payment will be made in accordance with agreed terms. If these discussions are unsuccessful, then the dispute will be resolved by reference to arbitration or courts (as specified in the contract).
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
BP Exploration (Caspian Sea) Limited is a subsidiary of BP, one of the world's leading energy companies. The company operates in the Caspian Sea region, specifically in Azerbaijan, Georgia, and Turkey.
Their main activities include exploration, development, and production of oil and gas resources in the Caspian Sea. They also have a strong focus on sustainability and have set ambitious targets to reduce their carbon footprint and contribute to a low-carbon future. This includes investing in renewable energy sources and implementing energy efficiency measures in their operations.
BP Exploration (Caspian Sea) Limited offers a wide range of products and services, including natural gas, crude oil, and refined petroleum products. They also provide technical expertise and support to their partners and clients in the region.
The key people at BP Exploration (Caspian Sea) Limited include Gary Jones, the Regional President, and Bakhtiyar Aslanbayli, the Managing Director. They are supported by a team of experienced professionals who are committed to delivering safe and sustainable operations.
The company's website address is www.bp.com/caspian and their registered office address is BP Exploration (Caspian Sea) Limited, 30, Nobel Avenue, Baku, AZ1001, Azerbaijan. BP Exploration (Caspian Sea) Limited is dedicated to promoting responsible business practices and contributing to the development of the communities in which they operate.
