With Wamsutter on the block, will cuts be through attrition alone?
Never could execute technology execution to bring costs down, and now it's time to pay their dues.
Not seeing any news recently, so being kept quiet.
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Wamsutter is flagged as on the block or more cuts. Why? Low pressure gas, and inability to come up with technology to produce it. Spent a fortune trying to develop a solution- and many years, and nothing to show for it.
See? All that corporate spin about innovation and executives did not produce results.
Big talkers. That's BP management for you.
Most of L48 assets haven't been making money anyways. Bad timing to sell esp with gas futures so bleak for years to come. It's sad it has come to this, that we have to let good technical people go.