BP Delivers First Oil From Atlantis Drill Center 1 Expansion Project

MT Newswires Live12-11

BP (BP) said Thursday it delivered first oil from the Atlantis Drill Center 1 expansion project in the US Gulf of Mexico, two months ahead of schedule.

The expansion adds two wells to the Atlantis platform, which are expected to produce a gross peak annualized average of 15,000 barrels of oil equivalent per day, the company said.

BP said the expansion supports its plans to grow its upstream business, which includes boosting US production to 1 million barrels of oil equivalent per day by 2030.

The company said it has a 56% working interest in Atlantis and is its operator. Woodside Energy owns the remaining stake.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment