Marine Link
Saturday, December 3, 2016

BP Profits Soar

February 5, 2008

BP (BP) Plc reportedly posted a 53 percent jump in fourth-quarter profit as production rose, according to a Bloomberg report. Output rose for the first time since 2Q ‘05 because of new fields in Angola, Trinidad and the Gulf of Mexico. BP expects to raise extraction to more than 4 million BOE a day in 2009, which will rise to about 4.3 million barrels a day in 2012. BP in December started oil and gas exports from the Atlantis platform after a one-year delay. Pumping will reach plateau production, 200,000 barrels of oil and 180 million cubic feet of gas a day, by the end of 2008, the company said. It also plans to begin production at Thunder Horse by the end of 2008. BP started pumping crude from the Greater Plutonio field off the Angolan coast in October and natural gas from two fields offshore Trinidad in November and December.


 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News