BP (NYSE:BP): Current price $43.93
At long last, BP has brought on stream
the first output from a new platform at its Valhall redevelopment project off Norway, which is set to lengthen the lifetime of the veteran field by a further 40 years. The firm currently expects to build up production from the field to roughly 65,000 barrels of oil equivalent per day by the second half of 2013, subsequent to adding new facilities to drive its processing capacity to 120,000 barrels of oil and 143 million cubic feet of gas per day.
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