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bp has started up its Atlantis Major Facility Expansion project in the US Gulf of America.
Atlantis is located about 150 miles south of New Orleans and has been in production for nearly 20 years. The expansion project adds two new subsea water injection wells to help increase the pressure of targeted reservoirs, unlocking additional barrels and extending the producing life of one of bp’s flagship US offshore assets.
“Atlantis has been one of the anchors of our Gulf business for nearly two decades, and this expansion proves there is still more value to be generated,” said Andy Krieger, senior vice president for the Gulf of America and Canada. “We’re extending the life of a great asset while supporting jobs and investment in the region — all while making the most of infrastructure that’s already in place.”
The project, which was delivered ahead of schedule and under budget, adds approximately 10,000 barrels of oil equivalent per day (boe/d) of gross peak annualized average production, with around 5,000 boe/d net to bp.
bp recently sanctioned two new production platforms, Kaskida and Tiber, which together are expected to add 160,000 barrels per day of new oil production capacity in the US offshore region by the end of 2030.
- bp is a leading producer in the deepwater Gulf of America, operating five production platforms: Argos, Atlantis, Mad Dog, Na Kika and Thunder Horse.
- The Atlantis field was discovered in 1998.
- The Atlantis Major Facility Expansion project adds two new water injection wells, new subsea trees, and new water injection pumps on the topsides of the Atlantis platform.
- It also enables future water injection capability at the Atlantis platform.
- The Atlantis platform operates in 7,074 feet of water.
- bp is the operator of Atlantis with a 56% working interest. Co-owner Woodside Energy holds the remaining 44%.
Contact
bp press office, bppress@bp.com, uspress@bp.com
Cautionary statement
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This press release contains certain forecasts, projections and other forward-looking statements – that is, statements related to future, not past, events and circumstances which may relate to one or more of the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under ‘Risk factors’.
Our most recent Annual Report and Form 20-F is available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.
