BP Plans $9 Billion Investment In Gulf Of Mexico

This is source I found from another site, main source you can find in last paragraph

BP is investing tens of billions of dollars in deepwater projects in the US Gulf of Mexico, hoping to eventually reduce the costs of offshore oil production by 50% or more at a time when competitors shun offshore investments. BP says its $9 billion Mad Dog Phase 2 would turn a profit even with $40-a-barrel oil, in stark contrast with the $100-per-barrel minimum oil price BP needed for new Gulf projects in 2013.

This is source I found from another site, main source you can find in last paragraph

Source : http://www.smartbrief.com/branded/770E861F-CD18-4AE6-9531-4BA122801F12/8126FC04-EFA6-41FD-A4F4-14266E2DDF15

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