The United States-based oil and gas company BP Platts plans to invest $1 billion in US-based engineers, according to the company’s chief financial officer, who also announced plans to hire more US-trained engineers, as well as a new business unit to oversee the development of its US-focused engineering strategy.
BP Plants, based in Dallas, has hired over 1,000 US engineers to work on its operations and projects in the United States.
It also said it will spend $600 million in the coming year on hiring and retraining more than 1,200 US engineers.
It will spend about $1.3 billion on the US in 2018.
The company is working with an array of global companies to secure the most qualified engineers in the US, according CEO John Browne.
Browne also announced that BP Plottings US-driven engineering strategy is set to increase investment in US manufacturing, as part of the company s focus on improving its engineering productivity.
“Our goal is to be the world leader in building the most efficient and best-performing factories, trucks, and power plants,” Browne said.
“This is why we are focusing on the best talent in the world, and we are investing in our engineers to ensure that we can continue to lead the way in improving the quality and productivity of our products.”
The US economy has slowed in recent years, but the economy is expected to rebound in 2018 and 2019.
BP has been one of the biggest employers in the country.
Its drilling operations are a key part of its operations in the Gulf of Mexico, and it is one of several companies that has made major investments in US infrastructure.
BP also has plans to expand into energy storage, energy efficiency and renewable energy projects.