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BP BP Plc

38.71
0.04 (0.10%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
BP Plc NYSE:BP NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.04 0.10% 38.71 38.74 38.11 38.48 8,071,028 01:00:00

BP Sanctions Satellite Cluster Project Offshore India

19/04/2018 10:02am

Dow Jones News


BP (NYSE:BP)
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By Oliver Griffin

 

BP PLC (BP.LN) said Thursday that it has sanctioned the Satellite cluster project in Block KGD6, offshore India, with Reliance Industries Ltd. (500325.BY).

The oil-and-gas company said the Satellite cluster is the second of three projects on Block KGD6, which is 30% owned by BP.

The first of the three projects was sanctioned in 2017, according to BP, which said that combined, the projects will develop a total of about 3 trillion cubic feet of gas reserves, with a total investment of $6 billion.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com

 

(END) Dow Jones Newswires

April 19, 2018 04:47 ET (08:47 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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