Tag Archives: British Petroleum Co. (BP)

Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.

The final investment decision for the realization of this giant investment. which will exceed $3 billion. will be made in 2019.

Iraq exported 100 million barrels of oil in April. a daily rate of 3.3 million barrels.

Brazil will receive bids for blocks at its coveted presalt region in June and Mexico plans to announce results in September from two onshore rounds.

Bob Dudley. the American boss of the oil giant. was forced to flee Russia in 2008 .

BP signed a major exploration deal in Libya in 2007 but put its onshore plans on hold in 2014 because of security concerns.

Iraq’s 2018 budget of nearly $88 billion comes with a deficit of more than $10 billion.

Block D230 lies some 135 kilometres (84 miles) north-east of Baku in the Caspian Sea.

Norwegian previously ran Statoil and BG Group.

Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.