BP's Drilling Plan Offshore Australia Turned Back by Regulator

  • Regulator decides plan doesn't meet regulatory requirements
  • BP is seeking approval to explore in Great Australian Bight
Photographer: Jason Alden/Bloomberg

BP Plc will need to revise its plan to explore for oil in an untapped frontier off the coast of southern Australia before regulators will approve its drilling program estimated to cost more than A$1 billion ($710 million).

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