Sep. 30 at 10:37 PM
$NINE BP is moving forward with plans to develop an offshore drilling project in the Gulf of Mexico worth
$5 billion.
The new platform will develop the Tiber and Guadalupe fields, which combined are estimated to hold recoverable resources of about 350 million barrels of oil equivalent.
BP wants to close the gap with rivals Exxon Mobil and Shell, which have outperformed it in recent years on shareholder returns
