BP announces start of seventh major project in 2025

(Alliance News) - BP PLC on Thursday announced the start of its seventh major project of 2025, in the Gulf of Mexico.

The London-based oil major said it delivered first oil from the Atlantis Drill Center 1 expansion project in the Gulf of Mexico, its seventh upstream major project startup of the year.

BP expects the project to add 15,000 barrels of oil equivalent per day of gross peak annualised average production at the existing Atlantis platform. Atlantis is one of the company's longest-running platforms in the Gulf of Mexico, with a gross production capacity of up to 200,000 barrels of oil per day.

The expansion adds two wells to an existing drill centre, a subsea hub connecting multiple wells.

Gordon Birrell, BP's executive vice president for Production & Operations, said: "Atlantis Drill Center 1 caps off an excellent year of seven major project start-ups for BP. This project supports our plans to safely grow our upstream business, which includes increasing US production to around 1 million barrels of oil equivalent per day by 2030."

BP shares rose 0.3% to 444.55 pence each on Thursday morning in London.

By Tom Budszus, Alliance News slot editor

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