Growth for BP in Gulf of Mexico
From the Guardian: Bernard Looney, BP’s executive in charge of new wells, said BP is expecting to spend $4bn (¬£2.5bn) on new developments in the Gulf of Mexico this year and hopes to “invest at least that much every year over the next decade”.
“After much soul-searching in the fall of 2010, we concluded it would be wrong to walk away [from the Gulf of Mexico],” Looney said at an offshore oil conference in Houston, Texas, on Monday. “We would have been walking away not only from our past, but from a key component of our future.
Is this too early as only 3 years since the disaster ?