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End-User News

BP Discovers One Billion New Barrels of Oil in Gulf of Mexico

BP has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region.

The approval for this latest development comes after recent BP breakthroughs in advanced seismic imaging and reservoir characterization revealed an additional 400 million barrels of oil in place at the Atlantis field. Application of this technology and reservoir characterization has now identified a further 1 billion barrels of oil in place at the Thunder Horse field. 

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