“We are continuing to work Mad Dog, but I think you could see that one emerge by the end of the year,” BP’s upstream chief executive Bernard Looney said in a conference call on Tuesday to discuss the company’s second-quarter result, where it cut its losses despite a year-on-year revenue drop.
Group chief executive Bob Dudley continued:“Right now the costs of Mad Dog have come down, and we will continue to push that,” adding that it project would have a breakeven cost of below $40 per barrel of oil once it was sanctioned.
BP
