BP has announced production at its newest North Sea well is "exceeding expectations", while investors have called for a vote on any potential row back on its climate targets.
The well on the Clair Ridge platform in the UK Continental Shelf (UKCS) has enjoyed an "unusual level of success", Energy Voice reports.
The energy giant said the facility, which started production in 2018 following a £4.5billion investment, was now producing 12,500 barrels of oil per day.
BP estimates the Clair field, which was first discovered in 1977, holds 7billion barrels of hydrocarbons.
Meanwhile, the Financial Times reports a group of 48 institutional investors has called for BP to allow shareholders to vote on any potential move away from its climate targets.
It comes after comments made by BP chief executive Murray Auchincloss earlier this month that the group's strategy would be "fundamentally reset" following a dip in profits.
Now, the vote call from investors including Rathbones Investment Management, Phoenix Group, Robeco and Royal London Asset Management, could tee up a clash with US activist hedge fund Elliott Management.
Elliott Management, which holds a close to 5% stake in BP, has been pushing for the giant to ditch its green energy investments.