BP Cancels Contracts for Ambitious Gulf of Mexico Project -Reuters
BP PLC (BP) has cancelled contracts to build a $10 billion extension to its Mad Dog oil project in the Gulf of Mexico,
which had been expected to begin by the end of the year, Reuters reported Thursday on its website, citing three people
in the industry familiar with the decision.
It was not clear if the cancellation could lead to a smaller, less-costly, version of the project, the people told
BP declined comment on the status of the contracts to Reuters.
Full story at: www.reuters.com/article/2013/09/19/bp-usa-offshore-idUSL2N0HE2V520130919
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