BP PLC mentioned Monday the Cypre area in Trinidad and Tobago is now producing and is predicted to ship about 250 million commonplace cubic ft a day (MMscfd) of gasoline at peak.
The venture, positioned 78 kilometers (48.47 miles) off the southeast coast of Trinidad in a water depth of about 80 meters (262.47 ft) in response to BP, is a part of the East Mayaro Block. Cypre is wholly owned by BP Trinidad and Tobago LLC (BPTT), a three way partnership owned 70 p.c by Britain’s BP and 30 p.c by Spain’s Repsol SA.
Cypre is one in all 10 initiatives that BP goals to begin up between 2025 and 2027. “Manufacturing from Cypre will make a big contribution in direction of the 250,000 barrels of oil equal per day mixed peak internet manufacturing anticipated from these 10 initiatives”, it mentioned in an internet assertion.
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BPTT’s third subsea growth, Cypre can have 7 wells tied again to BPTT’s current Jupiter platform. Section 1, consisting of 4 wells, was accomplished on the finish of 2024. “The second part is predicted to begin within the second half of this yr”, BP mentioned.
BPTT president David Campbell mentioned, “Cypre is one other key milestone in bpTT’s technique to maximise manufacturing from our shallow water acreage utilizing current infrastructure”.
“The venture not solely reinforces our dedication to sustaining manufacturing but in addition performs a vital position in satisfying our current gasoline provide commitments”, Campbell added. “Cypre represents a big funding within the nation’s vitality sector”.
William Lin, BP government vice chairman for gasoline and low-carbon vitality, mentioned, “The second of 10 main initiatives throughout our international portfolio that we count on to begin up by 2027, Cypre can be the primary of a collection of initiatives we shall be bringing on-line in Trinidad to ship gasoline to the nation and add worth for bp”.
Within the Caribbean nation, BPTT operates 12 offshore platforms, 3 subsea installations and a pair of onshore processing services.
Cypre is the second upstream venture put on-line by BP this yr, after the second part of the Raven area offshore Egypt.
BP expects Raven’s part 2 to supply as much as 220 billion cubic ft of gasoline and seven million barrels of condensate.
“The main target of the Raven Infills venture has been to struggle pure decline and improve manufacturing whereas maximizing our current infrastructure to fulfill Egypt’s home market demand at tempo”, Nader Zaki, BP president for the Center East and North Africa, mentioned in an organization assertion February 16.
Section 2 is a tieback of extra infill wells to Raven’s current onshore infrastructure. “Raven Infills is in step with bp’s drive to ship as a less complicated, extra targeted, higher-value firm by maximizing manufacturing from current property and optimizing useful resource effectivity”, the corporate mentioned.
Section 1 started manufacturing 4 years in the past. Saying start-up April 21, 2021, BP mentioned part 1 had an anticipated peak manufacturing of 900 million commonplace cubic ft per day of gasoline and 30,000 barrels a day of condensate.
Raven is a part of the West Nile Delta venture, which includes 5 fields throughout the North Alexandria and West Mediterranean deepwater concessions. BP holds an 82.75 p.c stake within the West Nile Delta. Harbour Power PLC, additionally a British firm, owns the remaining 17.25 p.c. The minority stake is amongst property acquired by Harbour in its $11.2 billion buy final yr of the non-Russian upstream operations of Germany’s Wintershall Dea AG, now Wintershall Dea GmbH.
To contact the writer, e mail jov.onsat@rigzone.com
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