BP Upgrades Stretch North Sea Platform's Life By 10 Years

Law360, New York (October 16, 2012, 4:17 PM EDT) -- BP PLC has added a decade to the life a North Sea platform, the energy giant said Tuesday, after it made upgrades to the site as part of a £10 billion ($16 billion) effort to cash in on oil reserves locked in waters off the U.K.'s coasts.

The announcement comes after BP on Monday installed a new 770-ton processing unit on its Andrew platform, a development that allows it to tap into the Kinnoull field — the largest of three reservoirs the company is developing in...
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