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Tech advances help BP turn around its shale business
7/30/2018

Tech innovations combined with its experience as a multinational oil company helped BP cut its shale production costs by 34% over five years and make its shale business profitable for the first time in 2017. These achievements encouraged BP to pursue the $10.5 billion acquisition of BHP Billiton's US shale assets, which is expected to boost BP's total shale output from 315,000 barrels of oil equivalent per day to more than 500,000 barrels of oil equivalent per day.

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