https://www.engineeringnews.co.za

BP sanctions Mad Dog Phase 2 in Gulf of Mexico

2nd December 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Oil major British Petroleum (BP) has sanctioned the $9-billion Mad Dog Phase 2 project, in the US, which will include a new floating production platform with a 140 000 bbl/d capacity.

Oil production is expected to begin in late 2021.

BP, which is the project operator with a 60.5% interest in the project, said this week that co-owners BHP Billiton and Chevron still had to make a final investment decision.

The Mad Dog Phase 2 development was placed on ice in 2013, after an initial design proved too complex and costly.

However, since then, BP has worked with its joint venture partners and contractors to simplify and standardise the platform’s design, reducing the overall project cost by about 60%.

The $9-billion project is now expected to be profitable at or below the current oil price.

“Mad Dog Phase 2 has been one of the most anticipated projects in the US deep-water and underscores our continued commitment to the Gulf of Mexico,” said BP Gulf of Mexico business president Richard Morrison.

The Mad Dog 2 platform will be moored about six miles to the south-west of the existing Mad Dog platform, which has a capacity to produce 80 000 bbl/d of oil and 60-million cubic feet a day of natural gas.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.193 0.245s - 156pq - 2rq
Subscribe Now