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United Kingdom: Oil Giants Invest Heavily in Exploration Near Shetlands

2013-03-28 22:02:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: BP and three other oil giants said Thursday that they would begin a new round of drilling in a remote area about 75 kilometers west of the Shetland Islands, an archipelago north of Scotland. The partners plan to drill at least five new wells over two years at a cost of about $100 million each on a project they are calling Greater Clair. Depending on the results, another seven wells could be added, pushing the cost of what they are calling an appraisal program to more than $1 billion. Trevor Garlick,...

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