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Share Price Information for BP (BP.)

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Share Price: 471.00
Bid: 470.40
Ask: 470.60
Change: 0.50 (0.11%)
Spread: 0.20 (0.043%)
Open: 468.40
High: 473.15
Low: 467.30
Prev. Close: 470.50
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BP outlines development plans for Tangguh Indonesia LNG project

Fri, 22nd Mar 2013 07:12

JAKARTA, March 22 (Reuters) - London-listed oil and gasgiant BP said its plans for a third liquefied natural gas(LNG) train at its Tangguh project in Indonesia are on scheduleto go on stream in 2019, in a meeting with the country's oil andgas regulator on Friday.

The Tangguh Train 3 project off-shore front-end engineeringdesign (FEED) is expected to commence early April, and on-shoreFEED is scheduled to begin in late 2013, BP Indonesia head ofcountry Dharmawan Samsu said. Commissioning is scheduled forlate 2018 and first gas is expected to be delivered in early2019, Samsu added.

Samsu also said BP's output plans for the LNG plant in 1013are up slightly from last year.

"In 2012 our work plan and budget was to produce 105(cargoes) and we delivered 103. And for 2013 we are certain thatwe can achieve 107 (cargoes)," Samsu said.

Indonesia's new oil and gas regulator (SKKMigas) is meetingwith oil and gas companies that have operations in the countryto firm up plans for 2013, when it plans to reverse decliningoil and gas output and increase supply for the country's growingdomestic needs.

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BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

*

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

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TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

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BP names acting CEO Murray Auchincloss as permanent leader

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PRESS: BP close to naming acting CEO Auchincloss as permanent chief

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Shell halts Red Sea shipments over attack fears from Yemeni rebels

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Shell in Nigeria

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London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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