09 December 2024
09 December 2024
BP's 1,500-mile pipeline network transports 1.1 million barrels per day (mbbl/d) of fuel across the US.
This development is expected to boost North Sea output significantly.
The new plan targets the decommissioning of seven platforms in the Campos basin, one in the Santos basin and two in the Espirito Santo basin.
The Mahalo Joint Venture (JV) project has reached a key milestone with approval for commencement of front end engineering design (FEED).
The facility is designed for potential expansion up to 14 million tonnes per annum (mtpa), enabling PIC Americas to meet increasing global demand for liquefied natural gas (LNG).
The discovery could increase the country’s present gas reserves by 200%.
The completion of the transaction is scheduled for the first quarter of 2025 (Q1 2025).
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