BP PLC has introduced a optimistic FID (remaining funding choice) on the Tiber-Guadalupe oil challenge within the Gulf of America, which includes putting in a brand new manufacturing platform with a capability of 80,000 barrels per day (bpd).
Focused to be put onstream 2030, the challenge will construct the British power large’s seventh operated Gulf manufacturing platform, referred to as Tiber. Together with the under-construction Kaskida challenge, the Tiber and Guadalupe fields will develop the corporate’s Gulf manufacturing to over 400,000 barrels of oil equal (boe) a day, BP mentioned in an announcement on its web site.
“Our choice to maneuver ahead on the Tiber-Guadalupe challenge is a testomony to our dedication to proceed investing within the Gulf of America and broaden our power manufacturing from one of many premier basins on this planet”, mentioned Andy Krieger, BP senior vp for Gulf of America and Canada.
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BP estimates round 350 million boe of recoverable assets from Tiber and Guadalupe within the preliminary section. With an estimated funding of $5 billion, the challenge consists of six wells in Tiber and a two-well tieback in Guadalupe.
“Further wells could possibly be drilled in future phases, topic to additional analysis”, the assertion mentioned.
“BP is leveraging present platform and subsea gear designs to drive price efficiencies throughout the Tiber-Guadalupe manufacturing hub’s development, commissioning and operations”, BP mentioned. “Tiber challenge growth prices are anticipated to be round $3 per barrel decrease than the Kaskida challenge, together with synergies from utilizing greater than 85 % of the design from BP’s Kaskida challenge”.
Gordon Birrell, government vp for manufacturing and operations at BP, mentioned, “Tiber-Guadalupe represents a major step ahead in our efforts to unlock the potential of the Paleogene within the Gulf of America, constructing on our a long time of expertise within the area. Along with our Kaskida challenge within the Paleogene, we anticipate Tiber-Guadalupe might be one other world-class growth”.
BP introduced a FID on Kaskida, which additionally has a capability of 80,000 bpd, on July 30, 2024. It goals to begin up the six-well growth 2029. The sector holds an estimated 275 MMboe recoverable assets, in accordance with BP.
Kaskida, Guadalupe and Tiber are within the Keathley Canyon space off the coast of New Orleans.
BP operates 5 already producing platforms within the Gulf of America: Argos, Atlantis, Mad Canine, Na Kika and Thunder Horse. It additionally owns non-operating stakes within the Nice White, Mars, Olympus and Ursa platforms.
On August 4 BP introduced the beginning of manufacturing on the Argos Southwest Extension challenge, including 20,000 bpd of capability to the Argos platform, which began up 2023.
The extension is one in every of three Gulf tasks on an inventory of 10 throughout BP’s world portfolio that the corporate goals to finish by 2027. The opposite two Gulf tasks on the listing are Atlantis Drill Heart I Growth, which has a capability of roughly 15,000 boed, and Atlantis Main Facility Growth, which is able to increase manufacturing within the Atlantis discipline by injecting water to offer stress help to reservoirs.
Tiber-Guadalupe in the meantime is amongst eight to 10 tasks BP goals to begin up 2028-30.
To contact the creator, electronic mail jov.onsat@rigzone.com
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