While BP spends $7bn in hunt for oil.

Position:British Petroleum plans Angola coast drillings - Brief Article
 
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British Petroleum (BP), meanwhile, plans massive investment in the first-ever drilling of ultra-deep waters off Angola's coast. The company won one of three ultra-deep concessions in 1999 and now intends sinking wells into the seabed some 1,800 metres beneath the surface. The four wells will cost over $7bn to sink over the next decade, but are expected to yield well over a billion barrels in that time at a rate approaching 250,000...

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