BP today confirmed it had started-up its Thunder Horse South Expansion ahead of schedule and under budget.
The deepwater Gulf of Mexico startup will add 50,000 barrels of oil per day to its portfolio.
The start-up is 11 months ahead of original estimates and $150million under budget.
“Thunder Horse South Expansion – along with our recent approval of the $9 billion Mad Dog Phase 2 platform – demonstrates that the U.S. Gulf of Mexico remains a key part of our global portfolio today and for many years to come,” said BP chief executive executive Bob Dudley.
“This project also marks the first of several major upstream start-ups expected before the end of this year and a major step toward our goal of adding 800,000 barrels of new production by 2020,” he said. “These new projects, coupled with a series of recent agreements we’ve reached around the world, reflect the growing momentum across BP and clear progress in building a strong foundation for the future.”
The expansion includes a new subsea production system roughly two miles to the south of the existing Thunder Horse platform. The system is a collection point for wells connected to the Thunder Horse platform by two 11,000-foot flowlines installed on the seabed in late 2016.
Richard Morrison, regional president of BP’s Gulf of Mexico business, added: “The Thunder Horse South Expansion project, brought online ahead of schedule and under budget, proves that deepwater can be done in a cost-effective way, while keeping a relentless focus on safety. It also shows the effectiveness of our strategy in the Gulf, which is all about increasing production from within our existing asset base and large portfolio of undeveloped resources.”
The Thunder Horse platform sits in more than 6,000 feet of water and began production in June 2008. It has the capacity to handle 250,000 gross barrels of oil and 200 million gross cubic feet per day of natural gas. T