Not only will emissions reductions from our Production and Operations (P&O) business be essential to helping us achieve our net zero ambition; the cash flows from these activities will also allow us to invest in the energy transition. Maintaining an absolute focus on safety and operational reliability will be essential to both.
bpx energy operates in the Permian Delaware and Eagle Ford basins in Texas and the Haynesville basin in Texas and Louisiana, focusing on safely producing higher-margin barrels while driving down emissions
bp operates five platforms within the Gulf of Mexico – Argos, Atlantis, Mad Dog, Na Kika and Thunder Horse. Our Gulf of Mexico business is a crucial source of US energy and an important provider of jobs
bp owns or manages around 4,300 miles of pipelines – enough to stretch from Chicago to London – and carries an average of 1.1 million barrels of hydrocarbon products on a daily basis
bp operates large, modern refineries in Cherry Point, Washington; Whiting, Indiana; and Toledo, Ohio. Our three US refineries each play a key role in powering regional transportation networks
Oil and gas will continue to play a vital role in the decades to come as we all transition to net zero. We’re proud to produce the affordable, reliable, and increasingly cleaner energy people need, but to remain successful, we know we must keep evolving how bp get things done.
That’s why we are transforming the way we develop projects and have exciting opportunities on the horizon. We are creating a focused and competitive business – improving safety, driving down emissions, controlling costs, and innovating how we work.
In 2018, our Cherry Point refinery became the first refinery in the Pacific Northwest to manufacture renewable diesel fuel by co-processing biomass-based feedstocks alongside traditional feedstocks. This project has helped bp reduce the CO₂ emissions from our Cherry Point diesel.
More recently, we announced our $45 million Renewable Diesel Optimization (RDO) project. RDO will more than double Cherry Point’s renewable diesel production capability to an estimated 2.6 million barrels a year. The additional renewable diesel production is expected to be available in 2022.