bp announced an oil discovery at its Far South prospect in the deepwater US Gulf of America.
In a statement, the company said that it drilled the exploration well in Green Canyon Block 584, located in western Green Canyon, about 120 miles off the coast of Louisiana, in water depths of 4,092.
Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. Preliminary data supports a potentially commercial volume of hydrocarbons.
“This Far South discovery demonstrates that the Gulf of America remains an area of incredible growth and opportunity for bp,” said Andy Krieger, Senior Vice President, Gulf of America and Canada. “Our Gulf of America business is central to bp’s strategy. We are focused on delivering more affordable and reliable energy from this region, building our capacity to over 400,000 barrels of oil equivalent per day (bbl/d) by the end of the decade,” he added.
Globally, bp expects to grow its upstream production between 2.3–2.5 million barrels of oil equivalent (mmboe) in 2030, with further capacity expected by 2035. Around 1 million barrels of oil equivalent per day (mmboe/d) are expected to be delivered from the US onshore and offshore regions by 2030.
