bp’s US offshore oil and gas business
We ranked second for offshore production in the region in 2024, and we’re building capacity to produce more than 400,000 barrels of oil equivalent per day total by 2030, with major projects already underway.
We continue to invest and explore around our five operated hubs: Atlantis, Mad Dog, Na Kika, Thunder Horse and Argos. We’re also starting up expansion projects for our Argos and Atlantis projects throughout the next three years.
Beyond existing assets, we’re investing in a sixth Gulf of America hub, Kaskida, which will be our first step in unlocking 10 billion barrels of discovered resources in the Paleogene – an oil-rich geological area about 250 miles southwest of New Orleans.
Looking toward other Paleogene opportunities, we expect to make a final investment decision on our Tiber-Guadalupe project in 2025, and we plan to drill an appraisal well in 2026 that could underpin future phases of Kaskida.
Meet Andrea
It's no secret that working in the Gulf of America is challenging. That’s why bp prioritizes safety, in the Gulf of America and across the company’s global operations. This means the company is working diligently to make sure the company’s employees and contractors return home safely.
bp is committed to safe and reliable operations in the deepwater Gulf of America, where it operates large production facilities and drilling rigs, is one of the industry’s largest leaseholders and is a leading producer of oil and natural gas. During the Atlantic hurricane season (June 1-Nov. 30) bp will be closely monitoring tropical storm activity and hurricanes that could impact our operations in the deepwater Gulf of America.