Approval of major expansion at Atlantis field supports strategy of growing advantaged oil production around existing production hubs.



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Recent BP breakthrough in seismic imaging identifies 1 billion barrels of additional oil in place at Thunder Horse field.

New discoveries near Na Kika platform provide additional development opportunities.

BP expects to grow net Gulf production to around 400,000 boe/d in the next decade.



HOUSTON – BP announced today that it has approved a major expansion at the Atlantis field in the U.S. Gulf of Mexico and has also identified significant additional oil resources that could create further development opportunities around the production hubs it operates in the region.



The $1.3 billion Atlantis Phase 3 development is the latest example of BP’s strategy of growing advantaged oil production through its existing production facilities in the Gulf. The approval for this latest development comes after recent BP breakthroughs in advanced seismic imaging and reservoir characterization revealed an additional 400 million barrels of oil in place at the Atlantis field.



Application of the same technology and analysis has now identified an additional 1 billion barrels of oil in place at the Thunder Horse field. Elsewhere, two new discoveries near the Na Kika production facility could provide further tie-back development opportunities.

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