"This major investment follows more than two years of focused accelerated drilling and technical studies which revealed the untapped potential of the Wamsutter resource," said Tony Hayward, chief executive of BP Exploration and Production.
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BP Invests Into Rocky Mountains
British Petroleum is likely to invest up to $2.2billion to double production...
British Petroleum is likely to invest up to $2.2billion to double production from its share in a gas field in America's Rocky Mountains.
The project, which involves drilling about 2,000 wells, is part of a $15bn programme to develop its US operations.
BP said the development of the Wamsutter field in the Rocky Mountains, Wyoming, was part of its strategy to develop secure energy supplies from the US.
"This major investment follows more than two years of focused accelerated drilling and technical studies which revealed the untapped potential of the Wamsutter resource," said Tony Hayward, chief executive of BP Exploration and Production.
"This major investment follows more than two years of focused accelerated drilling and technical studies which revealed the untapped potential of the Wamsutter resource," said Tony Hayward, chief executive of BP Exploration and Production.
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