BP

The latest deepwater exploration well offshore Namibia has found 38 m of net pay and flowed more than 11,000 BOPD of 37 °API oil during testing.

The offshore Mauritania and Senegal project’s initial phase will deliver around 2.4 mtpa of LNG once fully commissioned.

The SPE Asia Pacific and OTC Asia team recently completed a series of courtesy visits in Indonesia, reinforcing their commitment to strengthening ties with key industry stakeholders. These engagements highlight SPE’s ongoing efforts to align regional priorities and collaborate on opportunities that shape the future of the energy sector.

The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.

The shallow-water subsea tieback to the Jupiter platform is expected to produce about 250 MMcf/D of gas at peak.

Ginger is among the 10 upstream projects that BP plans to bring on-stream by 2027 after resetting its strategy to raise oil and gas investments to $10 billion per year.

The agreement allows BP to maintain control over its stake in the TANAP pipeline, which transports gas from the Caspian Sea to Europe through Turkey, while unlocking nearly $1 billion in capital as part of its divestment program.

The supermajor is making a major course correction as it plans to slash renewable investment and focus more on oil and gas development.

Updates about global exploration and production activities and developments.

In a deal described as possibly "one of the most important transactions BP has done in 20 years" by CEO Murray Auchincloss, the company has agreed contractual terms with the Iraqi government to invest in drilling and infrastructure to rehabilitate and boost production at the Kirkuk oil field.