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BRIEF-BP expects $750 million non-cash exploration write-off in Angola
2017年6月29日 / 下午2点17分 / 1 个月内

BRIEF-BP expects $750 million non-cash exploration write-off in Angola

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June 29 (Reuters) - BP Plc:

* Actively managing exploration portfolio and exiting non-competitive assets, expects around $750 million non-cash exploration write-off in Angola

* Decided to relinquish its 50 pct interest in block 24/11 offshore southern Angola

* Katambi, a gas discovery made in block in 2014, has not been determined to be commercial

* Due to write-offs in Angola, bp expects a non-cash exploration write-off in Angola of around $750 million, which will not attract tax relief in its Q2 2017 results Source text for Eikon: [on.bp.com/2tpz2rW] Further company coverage: (Bengaluru Newsroom)

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