08 March 2011 20:45 [Source: ICIS news]
HOUSTON (ICIS)--BP chief executive Robert Dudley on Tuesday praised findings from the ?xml:namespace>
“The industry faces an unprecedented risk profile in the coming decades,” he said at the CERAWeek 2011 energy conference in
Rising oil demand and supply shortages from traditional sources will force the industry to look to “new and increasingly challenging frontiers”,
“These include the
“For example, the Arctic is the next frontier,”
“What should the industry do collectively here?” he asked.
“But will we have standards in place to make sure everyone has to use them?” he asked.
BP said it was working closely with industry groups on such standards.
In addition to industry-wide practices, BP pointed to events it had undertaken itself to potentially increase offshore safety.
For example, the company is building a next-generation capping stack in the North Sea,
Also, a new company-safety organisation, formed following the spill, was already paying dividends, he said.
"Our experience from last year may be useful [for other companies]," he said.
The CERAWeek 2011 conference lasts through Friday.
For more on BP visit ICIS company intelligence
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