BP has authorized a significant growth on the Atlantis area within the U.S. Gulf of Mexico and has additionally recognized important further oil sources that would create additional growth alternatives across the manufacturing hubs it operates within the area. The $1.three billion Atlantis Phase three growth is the most recent instance of BP’s technique of rising advantaged oil manufacturing by its current manufacturing amenities within the Gulf. The approval for this newest growth comes after latest BP breakthroughs in superior seismic imaging and reservoir characterization revealed an extra 400 million barrels of oil in place on the Atlantis area. Application of the identical expertise and evaluation has now recognized an extra 1 billion barrels of oil in place on the Thunder Horse area. Elsewhere, two new discoveries close to the Na Kika manufacturing facility might present additional tie-back growth alternatives. “BP’s Gulf of Mexico enterprise is essential to our technique of rising manufacturing of advantaged high-margin oil. We are constructing on our world-class place, upgrading the sources at our fields by expertise, productiveness and exploration success,” mentioned Bernard Looney, BP’s Upstream chief govt. (Source and picture: BP/Atlantis platform)

The publish BP TO EXPAND ATLANTIS FIELD IN THE GULF OF MEXICO appeared first on Energy Global News.

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