BP extracts first oil from North Sea expansion
After several rough years for oil production in the North Sea, BP is now ready to extract first oil from a reconstructed field. The investment is the first step in a major venture on the British North Sea Shelf.
The North Sea is far from a thing of the past for British oil major BP. The company has reiterated this sentiment and while its main competitor Shell has divested of activities in the North Sea and shut down fields, BP has increased investments in the area and heralded that it will be active in the British part of the North Sea until at least 2035 and likely longer.
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