Atlantis Phase 3 expansion, Mexico
Name of the Project
Atlantis Phase 3 expansion.
Location
The project is located in the Atlantis field, in the US Gulf of Mexico.
Client
BP (56%) and BHP (44%).
Project Description
Atlantis Phase 3 will include the construction of a new subsea production system from eight new wells, which will be tied into the current platform, about 240 km south of New Orleans.
The project is expected to boost production at the platform by an estimated 38 000 bbl/d of oil equivalent gross at its peak. It will also access the eastern area of the field where advanced imaging and reservoir characterisation have identified additional oil in place.
Potential Job Creation
Not stated.
Value
$1.3-billion.
Duration
The project is expected to come on stream in 2020.
Latest Developments
BHP has approved $696-million in funding to develop the Atlantis Phase 3 project, after project partner BP approved a $1.3-billion expansion of the project in January.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
BP, tel +1 281 366 4463 or email uspress@bp.com.
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