BP commits more than $1B of work expenditure after netting four offshore deepwater blocks in...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP commits more than $1B of work expenditure after netting four offshore deepwater blocks in Nova Scotia's latest bid round, including $638M on Block 7 alone. BP says the award gives it access to "one of the most promising new deepwater areas to be licensed in recent years." MRO, XOM and ECA lost out despite offering up huge sums.