Ottawa awards BP $1.2B in exploration permits in Beaufort Sea

Syndicated from Oil Sands Truth on Tue, 2008-06-10

Ottawa awards BP $1.2B in exploration permits in Beaufort Sea
Last Updated: Monday, June 9, 2008
CBC News

Energy giant BP came out the big winner in the federal government's latest auction for oil and gas exploration leases in the Beaufort Sea, offering to spend nearly $1.2 billion to explore on the Arctic seabed.

BP Exploration Company Ltd. won three of five exploration leases announced late Friday by the federal Indian and Northern Affairs Department.

read more