BP invests $1bn in UK North Sea project
The investment will bring new life to the Eastern Trough Area Project in the central North Sea
BP has decided to invest $1bn in the Eastern Trough Area Project in the central North Sea, extending the life of the field and bringing welcome news from the struggling offshore. “These are challenging times for the industry and we are having to make hard choices. Nonetheless, we remain committed to improving the competitiveness of the North Sea and to maximising economic recovery from our fields,” said the company’s North Sea president, Trevor Garlick, 5 August. “BP’s primary areas of focus are the west of Shetland and central North Sea, where we are investing in both new developments such as Clair Ridge and Quad204, and in extending the life of our mature assets. “In parallel, we are drill
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