4th Aug 2025 13:57
(Alliance News) - BP PLC on Monday said it started its Argos expansion project in the Gulf of Mexico, which BP said underpinned its commitment to investing in the US.
The London-based oil major said the project adds 20,000 barrels of oil equivalent per day of gross peak annualised average production at the existing Argos platform.
Andy Krieger, BP's senior vice president for the Gulf of America and Canada said: "The Argos expansion underpins our commitment to investing in America, growing our US offshore energy production safely and efficiently. This project also kicks off a period of significant growth for BP in the Gulf of America, which will continue to play a critical role in delivering secure and reliable energy the world needs today and tomorrow."
BP said it achieved first oil 25 months after discovery, seven months ahead of schedule.
The Argos southwest extension project will add three wells and include a new drill centre roughly five miles southwest of Argos, BP said. The project is one of 10 major project startups that BP plans to deliver globally by 2027.
Following the project, BP plans the Atlantis drill centre 1 expansion, and the Atlantis major facility expansion.
BP operates Argos as it holds a 60.5% working interest, with co-owners including Woodside Energy Group Ltd with 23.9% and United Oil Co of California, an affiliate of Chevron USA Inc, with 15.6%.
BP shares were 1.4% higher at 404.45 pence on Monday afternoon in London.
By Tom Budszus, Alliance News slot editor
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