The extra spending will go primarily to BP’s onshore natural gas production in the Hayensville basin and offshore production in the Gulf of Mexico, both in the United States, he said.
“We will direct more investment towards hydrocarbons to help with energy security in the near term,” he told Reuters after the company reported its highest quarterly profit in 14 years. read more
“We’ll probably direct about a half a billion dollars for hydrocarbons.”
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