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BP. Bp Plc

509.00
4.90 (0.97%)
Last Updated: 09:17:30
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.90 0.97% 509.00 508.90 509.10 510.10 505.30 506.10 2,097,879 09:17:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.71 86.98B

BP: Mauritania-Senegal Agreement Important Milestone for Gas-Field Project

12/02/2018 9:42am

Dow Jones News


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By Oliver Griffin

 

BP PLC (BP.LN) said on Monday that an agreement between Mauritania and Senegal, signed on Feb. 10, will enable the development of the Tortue/Ahmeyim gas field, where BP has a majority interest.

The field, which holds an estimated 15 trillion cubic feet of gas, sits offshore on the border between the two African nations.

BP said that the Inter-Government Cooperation Agreement signed by the countries will see a fifty-fifty split of resources and revenues, as well as a mechanism for future equity redeterminations based on actual production and other technical data.

Bernard Looney, BP's upstream Chief Executive, said the agreement was an important milestone for the project.

 

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

 

(END) Dow Jones Newswires

February 12, 2018 04:27 ET (09:27 GMT)

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

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