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BP BP Plc

38.26
-0.51 (-1.32%)
02 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
  -0.51 -1.32% 38.26 38.525 37.99 38.45 11,142,323 01:00:00

BP Starts Drilling New Carboniferous Prospect in Southern North Sea

05/12/2016 10:55am

Dow Jones News


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By Ian Walker

 

LONDON--BP PLC (BP.LN) said Monday that drilling has started on a potential carboniferous gas play in southern North Sea block 43/26a that, if successful, could open up a new phase of development in the region.

The oil major, which has an 85% equity stake in the prospect, said the well will test the potential of a deep carboniferous age horizon several hundred meters beneath the mature reservoirs produced by the Ravenspurn ST2 platform.

 

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

 

(END) Dow Jones Newswires

December 05, 2016 05:40 ET (10:40 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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