BP Starts up Galapagos Development
OREANDA-NEWS. June 13, 2012. BP announced that on June 3, 2012 it began the initial start-up of the Galapagos development in the deepwater U.S. Gulf of Mexico, one of a series of new major upstream projects that the company expects to bring into production this year.
“The start-up of this project in the Gulf of Mexico is one of BP’s key operational milestones for 2012, one of six high-margin projects we expect to come on stream this year,” said Bob Dudley, BP group chief executive. “I expect that the operational progress we are now making will deliver increasing financial momentum for BP as we move into 2013 and
The Galapagos development includes three deepwater fields and increases the capability of a key offshore production hub for BP. The fields - Isabela,
The Na Kika facility, with a production capacity of 130,000 barrels of oil equivalent per day, has been modified to handle output from the three fields. Full ramp-up of the project is expected around the end of June.
“The Galapagos development marks another significant step forward for BP in the
BP’s overall interest in the three-block area that includes the fields comprising the Galapagos project is about 56 per cent. Noble Energy, Inc., Red Willow Offshore, LLC, and Houston Energy, L.P., are co-owners. BP is the operator of the Isabela field, while Noble Energy operates the
The Galapagos development required the installation of new subsea infrastructure, production risers, topsides as well as other modifications.
BP expects to invest at least USD 4 billion a year on oil and gas development in the
“BP’s continuing investment in the Gulf of Mexico is yet another example of our commitment to the