Exploration

Drilling commences: BP spuds giant gas prospect off Western Australia

Ironbark prospect estimated to hold 15 trillion cubic feet of prospective recoverable gas resources

FILE - This Thursday, Jan. 15, 2015 file photo shows a BP logo outside a petrol station in the town of Bletchley in Buckinghamshire, England. The worlds biggest oil companies are slashing jobs and backing off major investments as the price of crude keeps falling - and it may be just the beginning. Oil company BP said on Tuesday, Jan. 12, 2016 it is cutting some 4,000 jobs in exploration and production over the next two years amid sharp declines in the price of crude as companies brace for a new normal of ever-falling prices. Other companies are also cutting back, such as Shell, which cut 6,500 staff and contractor positions last year. (AP Photo/Matt Dunham, File)
FILE - This Thursday, Jan. 15, 2015 file photo shows a BP logo outside a petrol station in the town of Bletchley in Buckinghamshire, England. The worlds biggest oil companies are slashing jobs and backing off major investments as the price of crude keeps falling - and it may be just the beginning. Oil company BP said on Tuesday, Jan. 12, 2016 it is cutting some 4,000 jobs in exploration and production over the next two years amid sharp declines in the price of crude as companies brace for a new normal of ever-falling prices. Other companies are also cutting back, such as Shell, which cut 6,500 staff and contractor positions last year. (AP Photo/Matt Dunham, File)Foto: Matt Dunham
Perth
Asia & OceaniaOceania
Published 2 November 2020, 02:23Updated 2 November 2020, 02:23