Summary
THE head of BP's North Sea operations said the oil and gas giant would stay in the area until the "last drop" of oil was produced, but warned it might cut spending unless the industry and government can improve the returns on investment.
Bernard Looney said BP was keen to play a longterm role in the mature province that he predicted would be a key source of the energy used in the UK for years to come.See the full content of this document
Extract
BP 'will stay in the North Sea but may cut spending'
"We are spending dollars3bn (GBP1.8bn) plus a year and our goal is to sustain that at the current scale for at least the next ...
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