BP approves expansion of Atlantis field in Gulf of Mexico
09 January, 2019
UK supermajor BP has approved a major expansion at the Atlantis field in the US Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region.
Atlantis Phase 3 will include the construction of a new subsea production system from eight new wells that will be tied-into the current platform, 150 miles south of New Orleans.
Scheduled to come onstream in 2020, the project is expected to boost production at the platform by an estimated 38,000 barrels of oil equivalent a day at its peak.
The approval for this development comes after recent BP breakthroughs in advanced seismic imaging and reservoir characterisation revealed an additional 400m barrels of oil in place at the Atlantis field.
Application of the same technology has now identified an additional 1bn barrels of oil in place at the Thunder Horse field. Elsewhere, two new discoveries near the Na Kika production facility could provide further tie-back development opportunities.
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