BP Confirms $1 Billion Investment in North Sea
Wednesday 5 August 2015
BP has confirmed a bumper $1billion investment in one of its cornerstone North Sea assets.
The cash injection is expected to add 15 years to the project – nearly doubling the site's lifespan.
The North Sea pioneer revealed the billion dollar price tag exclusively to Energy Voice.
The money will be funnelled into its Eastern Trough Area Project (ETAP) as part of a special life extension project, securing its future through to 2030.
The area, which is comprised of nine different reservoirs, is considered one of the largest and most commercially complex North Sea oil and gas developments.
More Details: Energy Voice