BP wants to double North Sea output following exploration success

ArticleEnergyFebruary 1, 2018 - 3:03:33 AM

U.K. oil major BP has said it wants to double its North Sea production by 2020 after it announced two new oil and gas discoveries.

The finds were made in summer 2017 in wells drilled near the Shetland Islands and in the central North Sea. One is fully owned by BP while the other is a joint venture with Chevron and Shell.

BP North Sea Regional President Mark Thomas said Wednesday that the data of both new wells is under evaluation and at least one of the two could potentially be tied into existing infrastructure...

Source:cnbc.com

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