BP Greenlights Kaskida Project in Gulf of Mexico, Aiming for 80,000 Barrels Daily by 2029.

BP has secured its investment decision for the Kaskida project in the US Gulf of Mexico, aligning with its commitment to providing secure, affordable, and reliable energy. The project will establish bp’s sixth hub in the Gulf and will feature a new floating production platform capable of producing up to 80,000 barrels of crude oil per day from six wells during its initial phase. Production is scheduled for 2029. BP production and operations executive VP, Gordon Birrell, said the project will unlock the potential of the Paleogene in the region and will be a world-class development. The Kaskidas field, which is largely owned by BP, has discovered recoverable resources estimated at approximately 275 million barrels of oil equivalent from the initial phase and may be drilled in future phases. BP plans to utilise existing platform and subsea equipment designs to enhance cost efficiencies throughout the project’s construction, commissioninginging, and operations.