BP Doubles Down on Deepwater
billion in annual investments through 2021 to increase production by about 5 percent each year, Chief Executive Officer Bob Dudley recently told investors. "Our strategy is to take this investment that we spent so much money building, and keep it full" to the platform's capacity, Richard Morrison, BP's regional president for the Gulf of Mexico, told Reuters during the first tour of a BP Gulf drilling platform since the disaster. "We're also exploring for larger pools of oil." BP's deepwater double-down is all the more striking for the contrast to its chief competitors
One Billion Additional Barrels 'Possible' in GoM Hubs -BP
The head of BP's Gulf of Mexico region said on Monday the oil company's use of a new seismic imaging technology has identified 1 billion additional barrels of "possible resources" at four of its U.S. offshore fields. Richard Morrison, the BP region president, said at the Offshore Technology Conference in Houston that its "full waveform inversion" imaging techology was applied to data from its Atlantis, Mad Dog, Thunder Horse and Na Kika fields. The technology enhances the clarity of images collected from existing seismic surveys, particularly those involving
BP Brings Thunder Horse South Online
brought online on December 8, 2016, the project demonstrates continued momentum for BP in the deepwater Gulf of Mexico where last year it started up a major water-injection project at Thunder Horse and approved the $9 billion Mad Dog Phase 2 project, expected to come online in late 2021. Richard Morrison, regional president of BP’s Gulf of Mexico business, said: “The Thunder Horse South Expansion project, brought online ahead of schedule and under budget, proves that deepwater can be done in a cost-effective way, while keeping a relentless focus on safety. It also shows the effectiveness
BP's Commitment to GofM Confirmed: New Oil Discovered
Paleocene is the first geological epoch within the Paleogene period and lasted between approximately 66 million and 55 million years ago(. “The Gila discovery is a further sign that momentum is returning to BP’s drilling operations and well execution in the Gulf of Mexico,” said Richard Morrison, Regional President of BP’s Gulf of Mexico business. BP owns a majority interest in the Gila discovery which is located approximately 25 miles west of Tiber, also located in the Keathley Canyon area. The lease for Keathley Canyon Block 93 was acquired in the Western Gulf of Mexico
February 2024
