BP’S NORTH Sea boss said yesterday the unit would be focusing on high-value assets with growth potential.
Regional president Trevor Garlick said: “Consistent with the BP strategy update announced today, we are concentrating on managing safe and compliant operations and investing efficiently for the future.
“With six major projects under way in the UK and Norwegian sectors, BP is investing significantly to develop our strong North Sea resource base. We are also adding to our portfolio of future opportunities.
“Our focus will be on high-value assets with growth potential, and we will apply technology to progressively increase recovery from existing reservoirs, as well as developing new fields.”
BP has its North Sea headquarters at Dyce, Aberdeen. The North Sea operation has about 3,600 employees onshore and offshore and produces between 250,000 and 300,000 barrels per day.
It is planning more than £1.5billion of capital investment this year: the largest figure in over a decade.
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