After years of pursuing a strategy of mostly tiebacks in the deepwater Gulf of Mexico during the recent industry downturn, BP said it will also now begin adding frontier exploration, a top US executive for the company has said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now After the price of oil dropped by year-end 2014 to roughly half its $100-plus/b value just six months earlier, BP found the most economic pursuit in the US offshore arena was to fill its four large production hubs there with new discoveries made within a 30-mile radius and hook them up to the infrastructure, Starlee Sykes, BP’s regional president for the Gulf of Mexico and Canada, said late Wednesday. “We used to be all about growth, and then particularly after the oil price dropped, it was all about returns “value over volume,” Sykes said at the […]