BP starts up Galapagos development

BP starts up Galapagos development

4:55 AM, 19th June 2012
BP starts up Galapagos development

LONDON, UK: BP has begun the initial start-up of the Galapagos development in the deepwater US Gulf of Mexico, on 3 June 2012, one of a series of new major upstream projects that the company expects to bring into production this year. The Galapagos development includes three deepwater fields and increases the capability of a key offshore production hub for BP.

The fields, Isabela, Santiago and Santa Cruz, are being produced using subsea equipment on the floor of the Gulf. A new production flowline loop has been added to carry output to the nearby Na Kika host facility, a BP-operated platform located roughly 140 miles southeast of New Orleans in 6,500 feet of water. BP’s overall interest in the three-block area that includes the fields comprising the Galapagos project is about 56 per cent. Noble Energy, Red Willow Offshore, and Houston Energy are co-owners.

BP expects to invest at least $4 billion a year on oil and gas development in the Gulf of Mexico over the next 10 years, following its strategy of focusing investment and future growth around the company’s strengths, including deepwater exploration and development. “The Galapagos development marks another significant step forward for BP in the Gulf of Mexico, and reflects the potential we continue to see in this world-class basin, now and in the future,” said James Dupree, Regional President, US Gulf of Mexico business, BP.

© WOC News 



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