Fossil Energy – Gulf of Mexico
bp started up the Argos Southwest Extension project.
This is the first in a series of new projects bp is planning in the Gulf of Mexico between now and the end of the decade that will expand domestic energy production and deliver on bp’s strategy to safely and profitably grow its global oil and natural gas business.
The Argos Southwest Extension project, adds 20,000 barrels of oil equivalent per day (boe/d) of gross peak annualized average production. Argos is bp’s fifth operated production platform in the Gulf with a gross production capacity of up to 140,000 barrels of oil per day.
“The Argos expansion underpins our commitment to investing in America, growing our US offshore energy production safely and efficiently,” said Andy Krieger, bp’s senior vice president for the Gulf of America and Canada.
“This project also kicks off a period of significant growth for bp in the Gulf of America, which will continue to play a critical role in delivering secure and reliable energy the world needs today and tomorrow.”
