BP CEO Dudley: We’ll Double Our North Sea Oil Production By 2020

9 Dec 2016   United Kingdom

Bob Dudley UK’s oil major BP (NYSE:BP) will double its production in the North Sea to 200,000 barrels of oil per day, chief executive Bob Dudley said in an interview with Energy Voice in Aberdeen on Wednesday. “You will see portfolio changes for us in the North Sea, but you may see us invest in other projects as people approach us about joining them. So I think there’s a mix, but we should double our production by 2020 from where it was in 2015,” Dudley said. The manager went on to add: “We should be over 200,000 barrels a day in 2020 and by then I’m hopeful our exploration program will lead to more things to do.” Even though he admitted that the North Sea is largely contains mature fields and things would never go back the way they were when oil was sitting comfortably at US$100, Dudley expects […]

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