BP last year launched a major water injection project at Thunder Horse field that will allow for the recovery of an additional 65 million boe (OGJ Online, May 25, 2016).
Thunder Horse is operated by BP with 75% working interest. Partner ExxonMobil Corp. holds the remaining interest.
BP says the Thunder Horse South expansion was completed more than 15% below budget and 11 months ahead of schedule by relying on proven standardized equipment and technology rather than building customized components.
“Thunder Horse South expansion, along with our recent approval of the $9-billion Mad Dog Phase 2 platform, demonstrates that the US Gulf of Mexico remains a key part of our global portfolio today and for many years to come,” said Bob Dudley, BP chief executive officer.
Mad Dog Phase 2’s floating production platform is slated to be built by Samsung Heavy Industries Co. Ltd. (OGJ Online, Jan. 13, 2017). The project was sanctioned late last year.
In the deepwater gulf, BP operates Thunder Horse, Atlantis, Mad Dog, and Na Kika, and holds interests in non-operated hubs Mars, Olympus, Ursa, and Great White.