Will BP (BP) Stock be Helped Today by Production at the Kinnoull Oil Field?

NEW YORK (TheStreet) -- BP shares are down 1.15% to $38.58 in early market trading as benchmark oil prices continue to hover around multi-year lows. However, the company announced the start of production at its Kinnoull oil field in the North Sea. Oil in the reservoir, which is located 238 kilometers east of Aberdeen, Scotland in the North Sea, will allow production there to continue for at least another decade, according to the company. Production at the site is expected to peak at about ...