Oil giant BP plans to invest around $1.3 billion to develop a system made of pipelines and other infrastructure that would gather and capture natural gas extracted as a byproduct of oil drilling in the Permian Basin, in an effort to end routine gas flaring from its operations in the field by 2025. An initial $300 million investment in its Grand Slam oil, gas and water handling facility, which entered service in June, already helped BP reduce its flared volume in the Permian from 13% in the second half of 2019 to about 3.5% in the second half of 2020.

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