BP Delays Major Oil Project in US Gulf

- April 19th, 2013

Mining Weekly reported that BP Plc announced it was delaying Mad Dog Phase 2 project in the Gulf of Mexico due to rising costs.

Mining Weekly reported that BP Plc announced it was delaying Mad Dog Phase 2 project in the Gulf of Mexico due to rising costs.

As quoted in a Mining Weekly report:

The current development plan for Mad Dog Phase 2 is not as attractive as previously modeled, due largely to market conditions and industry inflation,” the company said in a statement.

Click here to read the full Mining Weekly report.

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