bond - peter bond, deal maker and energy , page-10

What I mean is that an oil major is participating as an upstream partner, not a downstream off-taker. It's easy for BP to sign this contract and say "I've got a refinery here, I need to import oil to refine them anyway. If you can get some liquids to my plant, I'm more than happy to take them at an agreeable price."

This does not represent any financial commitment from BP to INVEST in the UCG plant or asset in any way.

UCG is equivalent to an upstream operation, i.e. to extract oil from the ground.