BP (NYSE:BP) expects to double crude oil production from its Thunder Horse project within the U.S. Gulf of Mexico and launch its newest manufacturing platform by the top of this 12 months, an organization government stated on Monday on the Offshore Expertise Convention in Houston, as reported by Reuters.
The corporate expects to supply ~200K boe/day by year-end 2022 from the present 100K boe/day at Thunder Horse, in accordance with Starlee Sykes, BP’s Senior VP for the Gulf of Mexico and Canada.
BP (BP) is also getting ready to begin its fifth operated platform this 12 months – Argos – the centerpiece of its $9B Mad Canine 2 undertaking within the Gulf, however Sykes declined to specify through which quarter manufacturing would begin.
“Extra Gulf of Mexico oil and fuel helps enhance emissions globally,” Sykes stated, in accordance with Reuters.
Final September, BP (BP) introduced the start-up of Thunder Horse South’s part 2 growth and stated a complete of eight wells could be drilled to extend oil and fuel manufacturing to ~400K boe/day by the mid-2020s.
BP is scheduled to announce Q1 earnings results before the open on May 3.