- The Tiber floating production platform is set to start production in 2030.
- The project will produce 80,000 barrels of crude oil per day.
- It includes six wells in the Tiber field and a two-well tieback from the Guadalupe field.
- Estimated recoverable resources are around 350 million barrels of oil equivalent.
Project Overview
The Tiber-Guadalupe project, located in the Gulf of America, is set to commence production in 2030. It marks bp's second new production platform approval in the region within two years, highlighting the strategic importance of the US Gulf to bp's global operations.
Production Capacity
The project will feature a new floating production platform capable of producing 80,000 barrels of crude oil per day. It will be bp's seventh operated oil and gas production hub in the Gulf of America.
Field Details
The development includes six wells in the Tiber field and a two-well tieback from the Guadalupe field. The initial phase of the project is estimated to have recoverable resources of approximately 350 million barrels of oil equivalent.
Future Prospects
Additional wells may be drilled in future phases, pending further evaluation. The Tiber-Guadalupe project, along with the Kaskida project, is expected to play a critical role in bp's efforts to deliver secure and reliable energy.
