BP Mad Dog 2 FID possibility for 2015
USA The project was stalled after a plan for a large spar platform was scrapped in 2013, in favour of a cheaper semi-submersible platform. Plummeting rig rates now make the economics more attractive.
“There is still a reasonable chance we will get a FID by the end of the year […] I think the rig market is still looking pretty soft right now,” Gilvary was reported as saying.
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