BP to Test Clair Field For Possible Expansion

摘要

BP underlined its commitment to the icy waters west of the UK Shetland Islands, revealing on Thursday plans to invest over $500 million on a two-year appraisal campaign that could lead to a third-phase development of the giant Clair field. The announcement was welcomed by outgoing UK Energy Minister John Hayes, who emphasized the importance of the West of Shetlands area -- thought to harbor up to 17% of the UK’s oil and gas reserves.