Gulf Oil and Gas accountACCOUNT

BP Starts up Thunder Horse Northwest Expansion Ahead of Schedule and Under Budget

Source: www.gulfoilandgas.com 10/18/2018, Location: North America

BP has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget.

This is the fourth Upstream major project to begin production for BP globally so far this year, following seven that started up in 2017 and six in 2016. BP expects that new projects beginning production between 2016 and 2021, part of its strategic focus on growing gas and advantaged oil production, will provide it with 900,000 barrels of oil equivalent a day (boe/d) of new production by 2021.

Bernard Looney, BP’s Upstream chief executive said: “Our business in the Gulf of Mexico demonstrates our Upstream strategy in action. Leveraging our world-class position and facilities, we are bringing new barrels online rapidly and efficiently, and uncovering more opportunities nearby. 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.”

The new project is expected to boost production at Thunder Horse by an estimated 30,000 boe/d at its peak, taking gross output at one of the largest oil fields in the Gulf of Mexico to over 200,000 boe/d. Originally planned for start-up in early 2019, the project is the latest sign of BP’s continued momentum in the US offshore region.

“This latest expansion of Thunder Horse is another important milestone in our efforts to maximise value from our assets in the Gulf,” said Starlee Sykes, regional president of BP’s Gulf of Mexico and Canada business. “Over the past five years we’ve driven up production through safe and reliable operations and bringing on new deepwater projects in a more efficient and standardized way. All this hard work is now delivering results. Our Gulf of Mexico business is thriving.”

The project, which achieved first oil just 16 months after being sanctioned, adds a new subsea manifold and two wells tied into existing flowlines two miles to the north of the Thunder Horse platform.

It comes after two other major field expansions at Thunder Horse in recent years. In 2017, an expansion of Thunder Horse’s south field – a four well tie-back to the floating hub – boosted gross production at the field by over 50,000 boe/d. The year before, BP started up a major water injection project at Thunder Horse to further enhance oil production at the field.

Developed with partner ExxonMobil, the Thunder Horse platform sits in more than 6,000 feet of water and began production in June 2008. It has the capacity to handle 250,000 gross barrels of oil and 200 million gross cubic feet of natural gas per day.

In the deepwater Gulf of Mexico, BP operates four large production platforms – Thunder Horse, Atlantis, Mad Dog and Na Kika – and holds interests in four non-operated hubs – Mars, Olympus, Ursa and Great White.

Over the last five years, BP’s net average daily production in the Gulf of Mexico has increased from under 200,000 boe/d in 2013 to over 300,000 boe/d and is set to grow further with the addition of the Mad Dog Phase 2 platform in 2021 and other upcoming projects.

Production News in United States >>

Libya >>  10/11/2019 - Eng. Mustafa Sanalla, Chairman of National Oil Corporation (NOC), conducted a series of meetings in London to discuss recent oil and gas sector develo...
Russia >>  10/11/2019 - The Volgograd refinery (LUKOIL-Volgogradneftepererabotka, a wholly-owned subsidiary of PJSC LUKOIL) began production of low-sulfur fuel oil (BUNKER FU...

Iran >>  10/10/2019 - Iran plans to increase oil production in four oilfields shared with Iraq by nearly 60,000 barrels per day (bpd) until March 2020. ...
Russia >>  10/10/2019 - NOVATEK has announced that Arcticgas, a joint venture between NOVATEK and Gazprom Neft, commenced commercial production at the East-Urengoyskoye+North...

Tunisia >>  10/10/2019 - Serinus Energy plc ("Serinus", SEN) (AIM:SENX) is pleased to provide an update on its operation in Romania and Tunisia.

Ro...

Azerbaijan >>  10/9/2019 - Zenith Energy, the international oil & gas production company operating onshore in Azerbaijan, has provided an update on drilling results at well C-37...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.