BP Starts Up Two Gas Projects
BP has confirmed the start of production from another two of the seven major upstream projects that it expects to come online in 2017, the UK major said August 14.
Juniper in Trinidad and Persephone in Australia follow the start-ups earlier this year of the first phase of the West Nile Delta development in Egypt, the Trinidad Onshore Compression project and the Quad 204 redevelopment in the UK. A further two projects – the first phase of its wholly-owned Khazzan tight gas development in Oman and development of the Zohr gas field offshore Egypt which is operated by Italian Eni – are expected to begin production before the end of the year.
BP CEO Bob Dudley said: “This is a significant year for BP and, with five of our seven planned major projects now onstream, delivery of our plan is firmly on track. This year’s projects will deliver a key part of the 800,000 barrels equivalent/day production from new projects that we expect by the end of the decade. Importantly, these new projects, with their lower development costs and higher margins, also further improve BP’s resilience to the price environment.”
Gas production from Juniper began on schedule and under budget. The largest new project to start up in Trinidad for several years and BP’s first subsea field development in Trinidad, Juniper is expected to boost BP Trinidad and Tobago’s (BPTT) gas production capacity by around 590mn ft³/d. The development produces gas from the Corallita and Lantana fields, pumps it to the Juniper platform, for onward shipment to the Mahogany B hub through a new 10-km flowline. Juniper is BPTT’s 14th offshore platform in Trinidad.
The Persephone project off the coast of Western Australia is operated by Woodside Energy and is part of the North West Shelf Project joint venture. The development comprises two subsea wells tied back to the existing North Rankin complex by a 7-km flowline. At peak production the project is expected to produce around 48mn ft³/d net for BP. BP holds a 16.67% interest in Persephone.
William Powell