Monday, October 25, 2010

BP (NYSE:BP) Signs $340 Million Offshore Dilling Deal with Angola

BP Plc (NYSE:BP) has signed a two-year deal with Angola worth $340 million.

The oil giant will pay for a deepwater oil rig with that money, according to Odfjell Drilling, a Norwegian rig owner.

Odjfell's Deepsea Stavanger rig can drill at depths of up to 3,000 metres, and is reportedly ready to begin by the first half of next year.

BP has an additional three one-year options on the rig if it chooses to exercise them.

Drilling will be in Block 18 off the coast of Angola.

1 comment:

Anonymous said...

BP’s CEO Robert Dudley has Okayed the use the BPCares websites to continue its online PR campaign.
This decision was unanimously agreed upon in conjunction with the BPAMA at their recently concluded meeting. The BPAMA marketers were assured of a deeper partnership by CEO Bob Dudley during a one-on-one with the marketers. Mr. Dudley pointed out to the members that they will not be abandoned; rather… they will receive the full support from BP’s marketing machine to crush the competitors like Shell and Chevron.
BP will use a bevy of various BPCares websites (said the Marketing V.P) to target specific markets in the US and around the world; “We will crush Shell and Chevron”. The domains that BP will use are as follows:
BP will collaborate with the BPAMA with regards to the execution of specific websites. The websites will be up soon and some of the websites will target the Southern States that suffered heavily from the oil spill.