En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Reuters Staff -Gas starts flowing from BP's new fields offshore Trinidad & Tobago and Australia

 

 




By Reuters Staff

LONDON
Petroleumworld 08 15 2017

BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia, the company said on Monday, further boosting output that is helping the company to turn a corner after a bruising market downturn.

Gas has started flowing via BP's $2 billion Juniper gas platform offshore Trinidad and Tobago that is expected to produce around 590 million cubic feet a day (mmcfd) from the Corallita and Lantana fields, BP said.

Offshore Australia, gas started flowing from the Persephone field, a project developed by Woodside Energy and of which BP owns nearly 17 percent. The field is set to contribute around 48 mmcfd net to BP, the company said.

The two start-ups show BP is on track to deliver seven new projects this year, as part of a plan to bring an additional 800,000 barrels of oil equivalent per day on stream by 2020.

BP had previously said the new projects would help to offset impact from maintenance shutdowns in the third quarter, with production expected to be flat on the second quarter.

Higher production helped to deliver forecast-beating second-quarter earnings earlier this month. It is producing oil and gas at lower costs as weaker prices have forced the industry to trim spending, with production costs falling 18 percent in the first half of the year to $7.20 a barrel.

 


Reporting by Karolin Schaps. Editing by Jane Merriman from Reuters.

reuters
.com
08 14 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 



Sept. 14-15,
Accra, Ghana

 

Nov 13-14 ;
Mexico City, Mexico

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.