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BP predicts increased oil and gas activity in the Gulf for 2012

Emily

Emily

Editor, Senior Moderator
http://www.tri-parishtimes.com/articles/2012/01/18/business_news/348_52_bppresentsfletcher.txt
Tuesday, January 24, 2012

BP presents Fletcher with $4 million donation
By MIKE NIXON
[snip]
The BP president, who leads the largest lease holding company and leading oil producer in the Gulf of Mexico, predicted increased oil and gas activity in the Gulf for 2012. ?We are spending close to $5 billion annually in the Gulf of Mexico and plan to continue,? he said.

BP currently has five rigs active in the Gulf and intends to increase that to eight by the end of the year...
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