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BP plans flaring halt at US' biggest oil field

The company is planning to invest around USD 1.3bn in capturing excess natural gas volumes left over when extracting crude.

Photo: ANGUS MORDANT/REUTERS / X06552

The British oil outfit is the company active at the US' largest oil field, Permian Basin, with the highest levels of flaring. Now, however, the group seeks to shift course and phase out the use of the controversial practice, reports The Wall Steet Journal.

BP, one the world's largest listed fossil fuel companies, currently burns off far more surplus natural gas than it wants to.

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