Australia Regulator Seeks More Information on BP's Drill Plan
September 28 2016 - 6:23AM
Dow Jones News
By Sarah Kent
Australia's oil and gas regulator on Wednesday threw a wrench in
BP PLC's (BP) plans to drill deepwater exploration wells off the
country's southern coast, delaying approval until it gets more
information on how the company intends to manage the environmental
risks attached to the controversial project.
The British oil giant's plan to explore for oil in the Great
Australian Bight--a pristine stretch of ocean that is a haven for
several species of whale, as well as sea lions and other
wildlife--has been widely criticized by environmentalists who fear
the impact of a deep-sea blowout in the region.
The Australian regulator has given BP month to provide
additional information before reconsidering the company's
proposal.
"This is not a rejection or an acceptance -- it is a request to
clarify aspects of our plan and for us to provide information that
has not been included in the plan," BP said in a statement. The
company had planned to start drilling in the summer of 2016 to
2017.
Write to Sarah Kent at Sarah.Kent@wsj.com
(END) Dow Jones Newswires
September 28, 2016 06:08 ET (10:08 GMT)
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