BP Focuses on Familiar Turf as Its Rivals Push New Oil Exploration Frontiers [Financial Post (Toronto, Ontario, Canada)]
BP p.l.c. (BP)
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Source: Financial Post
The company's head of exploration and production is just fine with that. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today's hottest new oil plays. The company's head of exploration and production is just fine with that. Investors in ExxonMobil Corp. have the excitement of huge discoveries in Guyana, and TotalEnergies SE and Shell Plc can look to promising deep-water finds in Namibia. But for BP, real value lies in an intensely drilled region where the company has decades of experience — the Gulf of Mexico. Article content Article content “I don't feel jealous,” said Gordon Birrell, executive vice president of production and operations, when asked about his rivals' recent exploration success. “We've got a lot of resource to be developed.” Exploration has long been a key met
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