BP Plans $1.3 Billion Expansion at Atlantis Field in U.S. Gulf of Mexico
January 08 2019 - 10:16AM
Dow Jones News
By Michael Dabaie
BP PLC (BP) said Tuesday it plans a major expansion at the
Atlantis field in the U.S. Gulf of Mexico.
The $1.3 billion Atlantis Phase 3 development will include a new
subsea production system from eight new wells that will be tied
into the current platform, 150 miles south of New Orleans. The
project, scheduled to come onstream in 2020, is expected to boost
production at the platform by an estimated 38,000 barrels of oil
equivalent a day gross at its peak, BP said.
BP said a recent breakthrough in seismic imaging has identified
1 billion barrels of additional oil in place at Thunder Horse
field. In addition, new discoveries near the BP-operated Na Kika
platform provide additional development opportunities, the company
said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 08, 2019 10:01 ET (15:01 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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