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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -11.00 | -2.11% | 509.40 | 510.30 | 510.40 | 521.80 | 508.50 | 520.00 | 20,750,431 | 16:35:02 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Petroleum Refining | 211.6B | 15.24B | 0.8934 | 5.71 | 87.06B |
From May 2019 to May 2024
By Michael Dabaie
BP PLC (BP) said Tuesday it plans a major expansion at the Atlantis field in the U.S. Gulf of Mexico.
The $1.3 billion Atlantis Phase 3 development will include a new subsea production system from eight new wells that will be tied into the current platform, 150 miles south of New Orleans. The project, scheduled to come onstream in 2020, is expected to boost production at the platform by an estimated 38,000 barrels of oil equivalent a day gross at its peak, BP said.
BP said a recent breakthrough in seismic imaging has identified 1 billion barrels of additional oil in place at Thunder Horse field. In addition, new discoveries near the BP-operated Na Kika platform provide additional development opportunities, the company said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 08, 2019 10:01 ET (15:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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