British Petroleum (BP) recently launched a water-injection project at its Thunder Horse platform in the Gulf of Mexico that will allow the company to boost oil and natural gas recovery from one of the field's three reservoirs.
The company expects that this project will allow it to increase recoveries at the site by 65 million barrels of oil equivalent. BP already has refurbished the existing topsides and subsea equipment for the platform, and has drilled two water-injection wells to facilitate this latest project. It is a continuation of BP’s work to get the most out of existing deepwater production hubs in the Gulf of Mexico.
“This project will help BP sustain high levels of oil production in the deepwater Gulf of Mexico for years to come,” Richard Morrison, regional president of BP’s Gulf of Mexico business, said. “It’s another example of BP taking advantage of targeted and cost-effective opportunities within our existing portfolio.”
The Thunder Horse platform project is one of several that BP has scheduled for 2016. Through these projects, the company hopes to increase its global production from 2015 by 800,000 barrels of oil equivalent each day by 2020.