Gulf of Mexico oil spill to delay BP drilling projects

oil spill

BP will almost certainly face major delays to current and future oil drilling projects following the enormous and costly Gulf of Mexico oil spill, say analysts.

Some estimates put the cost of the clean-up operation at around $200 million.

"BP will need to make internal capital allocations to deal with the oil spill," says Peter Hutton, head of research at equity research firm NCB and European Securities Network. "BP's plans for its offshore drilling projects are likely to be compromised in the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: