BP to farm out Ceduna stake

BP will likely look to reduce the risk associated with exploring the offshore Ceduna sub-basin in the Great Australian Bight and farm down a portion of its interest in four exploration permits.

In search of a partner: BP is likely to farm down part of its 70% interest in the Ceduna basin to help reduce the risk of exploring the frontier play
In search of a partner: BP is likely to farm down part of its 70% interest in the Ceduna basin to help reduce the risk of exploring the frontier play
Published 19 May 2015, 03:23Updated 17 October 2016, 13:02
Asia & Oceania