BP has begun production at the expanded Atlantis platform in the US Gulf of Mexico ahead of schedule and at a lower cost than originally anticipated.

Increased Production

With the expansion, the platform can now deliver an additional 10,000 barrels of oil equivalent per day, of which approximately 5,000 barrels per day are attributed to BP as the operator.

Field Characteristics

The Atlantis field is located at a depth of 7,074 feet, about 240 kilometers off the coast of New Orleans, and has been in operation for nearly twenty years.

Technical Upgrades

As part of the expansion, two new subsea wells were added for water injection to boost pressure in the target reservoirs, and new water injection pumps were installed on the platform topsides. These upgrades will help increase production volumes in the future and extend the operational life of one of BP’s key offshore assets in the US.

New Projects

BP recently approved the construction of two new production platforms—Kaskida and Tiber. By the end of 2030, these are expected to add up to 160,000 barrels per day of new offshore oil production capacity in the US.

Current Assets

Currently, BP operates five deepwater platforms in the US Gulf of Mexico: Thunder Horse, Argos, Mad Dog, Na Kika, and Atlantis, which was commissioned in 1998.

Ownership Structure

BP holds a 56% stake in the Atlantis project and serves as the operator, while the sole partner is Australia’s Woodside Energy with a 44% share.

The Significance of Atlantis

The Atlantis platform has remained one of BP’s key assets in the Gulf of Mexico for nearly two decades. The recent expansion confirms that the field’s potential is far from exhausted.