BP complains of Norwegian authorities
Kerr claims the Norwegian shelf is not competitive, and stated that he thinks BP can find other regions which are much more profitable. BP is therefore focusing on other oil areas.
«No wonder this is a high cost area because the cost cuts do not benefit the companies, but basically goes to the government,» Kerr said to the Norwegian financial paper Finasavisen.
According to Kerr, the Norwegian oilfield has to be four times as large as the British in order to be as profitable.
BP recently announced that the company is planning to sell off its shares in the gas field Ormen Lange. The main reason is that the project can not compete with other project the company has invested in.
However, BP is keeping the Skarv discovery, which is so small that the company has problems with developing the area.
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