Source: London – Reuters
London-based British Petroleum added that it is currently planning to spend $ 12 billion this year, down from $ 15 billion.
This would include a $ 1 billion reduction in investment in its activities in the oil and shale gas sector known as BPX, where it could switch between stopping and resuming production at a relatively rapid pace.
BPX production will drop by about 70,000 barrels of oil equivalent per day in 2020.
BP’s overall oil and gas production is also expected to decline.