BP receives approval from the U.K. to move forward with its North Sea deepwater oil drilling...

|About: BP p.l.c. (BP)|By:, SA News Editor
BP receives approval from the U.K. to move forward with its North Sea deepwater oil drilling operation, according to a government official. Along with its partners, BP plans to sink $1.1B into development on the Kinnoull reservoir with a goal to produce 45K barrels of oil equivalent per day beyond 2020.