BP wins Aussie nod
Source: Agencies |
January 18, 2011, Tuesday
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Print Edition
Print Edition
BP has been given its first-ever oil exploration permits off the Australian coast, but the government warned yesterday that the London-based energy giant will have to demonstrate higher safety standards than it had applied in the Gulf of Mexico oil disaster before it is allowed to drill.
BP holds stakes in the Northwest Shelf and Gorgon natural gas fields in Western Australia state but has never before applied for its own offshore exploration permits in Australia.
Resources and Energy Minister Martin Ferguson said BP has been awarded four of seven offshore exploration permits approved by the government as part of an annual tender process. The other three permits were awarded to Australian firms.
BP holds stakes in the Northwest Shelf and Gorgon natural gas fields in Western Australia state but has never before applied for its own offshore exploration permits in Australia.
Resources and Energy Minister Martin Ferguson said BP has been awarded four of seven offshore exploration permits approved by the government as part of an annual tender process. The other three permits were awarded to Australian firms.
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