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After signing an MOU, CEO Murray Auchincloss hopes a formal deal to redevelop the giant Iraqi oil field can be struck soon.
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"bp announces $7bn investment in Indonesia’s Tangguh UCC project" was originally created and published by Offshore Technology ...
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UK oil giant BP on Thursday unveiled a $7-billion joint project aiming to unlock around 3 trillion cubic feet of additional gas resources at its Tangguh site in Indonesia's West Papua province.
Production at the Ubadari field is expected to start in 2028. Murray Auchincloss, CEO of bp, said: “This project not only unlocks a fantastic gas resource, it also represents an Indonesian first ...