While BP’s decision to cancel its plans to drill in the pristine Great Australian Bight ends a public relations nightmare for the company, questions remain about BP’s and its peers’ growth-led and frontier-dependent business model. BP’s announcement binning its Bight ambitions suggests that the project is no longer competitive or aligned with
What’s Behind BP’s Decision To Abandon Drilling In The Great Australian Bight?
Taken at face value, one could applaud BP’s decision to finally pull the plug on the project rather than stubbornly struggle on.
By Energydesk
