BP Thunder Horse Expansion in Gulf of Mexico Starts Early
BP’s Thunder Horse Northwest Expansion offshore Gulf of Mexico is starting four months ahead of schedule, the company announced Oct. 18.
The expansion, which is the fourth major upstream project for BP globally in 2018, is forecasted to boost Thunder Horse production by 30,000 barrels of oil per day (boepd), bringing output in the field to more than 200,000 boepd.
BP also noted that the project is 15 percent under budget.
“Our business in the Gulf of Mexico demonstrates our Upstream strategy in action… we are bringing new barrels online rapidly and efficiently, and uncovering more opportunities nearby,” Bernard Looney, BP’s Upstream chief executive, said in a company statement. “We are focused on growing value and these projects in the Gulf are competitive with any opportunities we have worldwide. This is what we mean by growing advantaged oil.”
BP developed the Thunder Horse platform with ExxonMobil. The platform sits in more than 6,000 feet of water and has the capacity to handle 250,000 gross barrels of oil and 200 million gross cubic feet of natural gas per day. Production began in June 2008.
In Dec. 2017, BP said it had “a big portfolio of projects” on the horizon and was “very confident” the company would deliver on its promise of 800,000 million boepd by 2020.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.