bp’s US offshore oil and gas business
We are one of the region’s largest oil producers, and we’re continuing investment and exploration around five operated hubs: Atlantis, Mad Dog, Na Kika, Thunder Horse and Argos.
In 2023, we brought online Argos, a new semi-submersible floating production platform and the centerpiece of bp’s $9 billion Mad Dog 2 project. Argos provides an additional source of crude supply at a time of heightened concerns about energy security and affordability.
In July 2024, we gave the go-ahead for the Kaskida project, which will be our sixth operated hub in the region and feature a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day. Production is expected to start in 2029.
The Kaskida project unlocks the potential future development of 10 billion barrels of discovered resources across the Kaskida and Tiber catchment areas. Advancements in drilling technology coupled with updated seismic imaging are enabling us to develop Kaskida and to progress plans to develop other Paleogene-era fields such as Tiber. The platform will also leverage a simplified, standardized and cost-efficient design that can be replicated in future projects.
Nearly 200 miles south of New Orleans, the Argos platform operates at a water depth of 4,500 feet, and can produce up to 140,000 barrels of oil equivalent a day (boe/d) through a subsea production system.
Argos platform infographic
Operating in more than 7,000 feet of water and located approximately 150 miles south of New Orleans, Atlantis’ production capacity is approximately 200,000 barrels of oil and 180 million cubic feet of gas per day.
The Atlantis North project includes the drilling and completion new wells and the addition of subsea infrastructure to tieback to bp’s existing Atlantis platform. It will utilize available production capacity at the Atlantis hub.
Atlantis platform infographic
In 2016 bp sanctioned the Mad Dog 2 project in the Gulf of America, highlighting its long–term commitment to the region.
Mad Dog 2 includes a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells.
Mad Dog Platform infographic
Servicing multiple fields, Na Kika is located 140 miles southeast of New Orleans in 6,340 feet of water. It is designed to process up to 130,000 barrels of oil and 550 million cubic feet of natural gas per day.
The Na Kika Phase 3 project includes the drilling and completion of two new wells and subsea infrastructure to tieback to the existing Na Kika platform.
Na Kika platform infographic
Located 150 miles southeast of New Orleans and in 6,050 feet of water, Thunder Horse is designed to process up to 250,000 barrels of oil and 200 million cubic feet of natural gas per day.
Thunder Horse platform infographic