bp targets 650,000 boed output by 2030 through shale drilling expansion

Summary

bp Plc plans to increase shale production by 8% this year, aiming for 650,000 bpd by 2030. This output will represent about 20% of the company's total production. The strategy comes as bp seeks to recover from previous production declines and improve its financial position.

Recent Coverage

• BP Boosts Shale Output in Pivot to Global Upstream Growth

  OilPrice.com • Mar 1

• BP Goes Big on Shale Oil Drilling

  RigZone • Feb 26

• bp ramps up shale drilling, targets 650,000 boed output by 2030

  Oil and Gas 360 • Feb 26