British BP (BP) plans to write off billions of dollars in value of its assets after reviewing long-term energy price assumptions with the spread of the Corona virus and the rapid shift towards clean energy .
According to ArabiaNet, the company is currently reviewing plans to develop some of its intangible exploratory assets, which will lead to a decrease in the non-cash value and write-offs in the second quarter of the year. Current in the range of 13 billion to 17.5 billion dollars after taxes.
It is reported that the company has reduced its long-term energy price forecast by about 30%, to an average of $ 55 per barrel for Brent crude, and $ 2.9 per million thermal units for a gas unit. Henry Hub from 2021 to 2050.
The company expects that the virus will have a lasting impact on the global economy as well as on demand for oil and gas.
