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BP to drill Mexican deepwater oil block in 2020, appointed first ever woman to lead BP Americas

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Susan Dio will replace John Minge as chairman of BP Americas. BP is expected to invests $199.5 million in Mexican deepwater well and add up to 75 million barrels of oil equivalent in reserves.

By PW MEXICO

MEXICO CITY
Petroleumworld 03 21 2018

Mexican oil regulator CNH approved a plan to have BP drill its first deepwater exploration well at a block it operates in the southern Gulf of Mexico, in Salina Basin during the third quarter of 2020.

In a four-year exploration plan for the block BP is expected to invests $199.5 million and add up to 75 million barrels of oil equivalent in reserves, according to the CNH.

Statoil and Total are equity partners in the BP-led consortium, which won the development rights to the block in Mexico's first-ever deepwater oil auction in late 2016

BP announced the appointment of Susan Dio to be incharge of its U.S. business. is the first time in BP Plc 's history, its American business will be led by a woman.

Susan Dio will take over as chairman and president of BP Americas starting May 1 and be based in Houston. She currently runs BP's shipping division and will replace John Minge, who will chair a study on carbon capture technologies with the National Petroleum Council before retiring in March 2019.

“Susan's breadth of operational and commercial experience gained with BP around the world –- including leading our global shipping business, running a major refinery, and managing a chemical plant – make her ideally suited for the key role of representing BP in the U.S.,” Chief Executive Officer Bob Dudley said in an emailed statement.

U.S. Projects

The company has invested about $100 billion in the U.S. since 2005, more than any other country, and generates almost a third of its annual revenue there.

BP has women leading two other major divisions in the U.S. -- Starlee Sykes heads up the Gulf of Mexico operations and Janet Weiss the business in Alaska, the company said.

Like Dudley, Dio is a chemical engineer. She joined the company in 1984 and has run BP Shipping, which manages a fleet of more than 70 vessels, for three years. She has also worked in senior commercial and operating roles in the U.S., U.K. and Australia.

Bio is a “champion” for women in the energy industry, BP said.

“Susan has developed a strong record of creating cultures focused on safety and ethics while improving business results,” according to a company biography. “She is passionate about mentoring, and is known for building teams, developing talent and engaging the workforce in the company's mission.”

Source: Bloomberg/Reuters/CNH



Story by Petroleumworld Mexico.

Petroleumworld.com /
03 21 2018

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