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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bp Plc | LSE:BP. | London | Ordinary Share | GB0007980591 | $0.25 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.50 | -0.29% | 524.80 | 525.20 | 525.30 | 530.70 | 522.30 | 529.30 | 26,307,372 | 16:35:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Petroleum Refining | 211.6B | 15.24B | 0.8934 | 5.88 | 89.61B |
From Apr 2019 to Apr 2024
By Ian Walker
LONDON--BP PLC (BP.LN) said Thursday oil production has started at the Kizomba Satellites phase 2 development in Block 15, offshore Angola, and is expected to produce around 70,000 barrels of oil per day at its peak.
The project is operated by Exxon Mobil Corp. (XOM) with a 40% interest. BP has a 26.67% interest; ENI SpA (ENI.MI) has 20% and Statoil ASA (STL.OS) has 13.33%.
"This is the first of BP's planned start-ups for 2015 and is another successful project from this prolific block," BP's regional President, Angola Darryl Willis said.
"We expect to follow this up later in the year with the Greater Plutonio phase 3 project in neighboring Block 18 which is operated by BP," he added.
Kizomba Satellites phase 2 is expected to recover around 190 million barrels of oil.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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