Australia-based Spark Exploration is aiming to find partners in the first half of this year for its West of Shetland licences, which potentially contain north of a billion barrels of oil.
BP has revealed it paid ConocoPhillips £1.3billion for its stake in the Clair field West of Shetland.
BP has estimated that about 95tonnes of oil spilled from its Clair platform west of Shetland as a result of a “technical issue”.
BP is preparing a number of responses for dealing with oil that leaked from its Clair platform, but thinks letting it disperse naturally at sea is the best option, the company said today in a statement.
