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BP wraps up restructuring of exploration unit

The British oil group BP said Friday that it had appointed Lamar McKay to run its exploration, development and production operations worldwide, as the company wrapped up a restructuring of the unit following the disastrous oil spill in the Gulf of Mexico in 2010.

Published: Nov. 24, 2012 at 12:05 a.m. PST
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The British oil group BP said Friday that it had appointed Lamar McKay to run its exploration, development and production operations worldwide, as the company wrapped up a restructuring of the unit following the disastrous oil spill in the Gulf of Mexico in 2010.

McKay is taking over from BP’s chief executive, Robert W. Dudley, who took over management of the so-called upstream unit in an effort to improve risk management in the wake of the spill. McKay, who is currently chairman and president of BP America, is to start in his new role at the beginning of next year. He will report to Dudley.

News Tribune news services

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