BP has started production from five of its seven major projects for the year, as the supermajor confirmed that the Juniper project offshore Trinidad, and Woodside Energy’s Persephone offshore Australia are both online.
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Juniper. Image from BP Twitter. |
BP says that gas production from Juniper began on schedule and under budget, marking the largest new project to start up in Trinidad for several years.
The US$2 billion Juniper project marks BP’s first subsea field development in Trinidad.
Juniper is expected to boost BP Trinidad and Tobago’s (bpTT) gas production capacity by around 590 MMcf/d. The development produces gas from the Corallita and Lantana fields via the new Juniper platform, 80km off the southeast coast of Trinidad in some 110m water depth. Gas then flows to the Mahogany B hub via a new 10km flowline. Juniper is bpTT’s 14th offshore platform in Trinidad.
Offshore Australia, the Woodside-operated Persephone project development consists of two subsea wells tied back to the existing North Rankin complex by a 7km flowline.
Persephone is about 140km northwest of Karratha, in Western Australia at 125m water depth. At peak production, the project is expected to produce around 48 MMsf/d of gas net for BP. BP holds a 16.67% interest in Persephone.
“This is a significant year for BP and, with five of our seven planned major projects now onstream, delivery of our plan is firmly on track. This year’s projects will deliver a key part of the 800,000 boe/d production from new projects that we expect by the end of the decade,” says Bob Dudley, BP group chief executive. “Importantly, these new projects, with their lower development costs and higher margins, also further improve BP’s resilience to the price environment.”
Juniper and Persephone follow the start-ups earlier this year of the first phase of the West Nile Delta development offshore Egypt, the Quad 204 redevelopment off the UK, and the supermajor’s Trinidad Onshore Compression project.
Two further projects, Eni’s Zohr gas field offshore Europe, and BP’s the Khazzan tight gas development in Oman, are expected to begin production before the end of the year.
BP revealed additional projects in its portfolio that could possibly start soon in its Q2 2017 report, located in the Gulf of Mexico, Egypt, and India.
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