Oil companies are under increasing pressure to bring fuel to market faster and cheaper, leading BP Plc to conclude some of its resources "won't see the light of day," according to its head of strategy.
Some of the "more complicated to extract" resources in the British oil major's portfolio may have to be sold or stay in the ground, said Dominic Emery, the company's group head of strategy. They are going to be too expensive and too time-consuming to get out, and the industry is under pressure to shorten the duration and size of projects, he said.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.