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Gulf of Mexico

Our Gulf of Mexico business is a crucial source of US energy, provides high-quality jobs and investment for the Gulf Coast region, and is driving the transformation of our business toward an integrated energy company.
Platform on the Gulf of Mexico

In numbers

  • ~400,000 boe/d expected building capacity
  • 1,100 employees working across the business
  • $7 billion invested from 2022-2025

 

Between 2022 to 2025, we plan to invest $7 billion in our Gulf of Mexico business – where we have some of the highest-value, lowest emissions barrels in our global portfolio.

Investing in American energy security

 

Our resilient hydrocarbons business is a key pillar in bp’s transformation into an integrated energy company. “Resilient” means hydrocarbons that can withstand volatility in the market and are connected to nearby, preexisting infrastructure.


We are one of the region’s largest oil producers, and we’re continuing investment and exploration around five operated hubs: Atlantis, Mad Dog, Na Kika, Thunder Horse and Argos.


With more than three decades of experience in the region, bp’s looking to our next wave of growth – with major projects already underway. We’re building capacity to produce above 400,000 barrels of oil equivalent per day (boe/d), and we expect volumes to average around 350,000 boe/d through the second half of the decade – including from developments in the Paleogene which we continue to optimize.


The Paleogene will drive the growth agenda in the Gulf of Mexico with new hub developments. bp has a significant discovered resource position here with the Kaskida, Tiber and Guadalupe discoveries.


In 2023, we brought online Argos, a new semi-submersible floating production platform and the centerpiece of bp’s $9 billion Mad Dog 2 project. Argos provides an additional source of crude supply at a time of heightened concerns about energy security and affordability. It also plays a key role in high-grading our hydrocarbons portfolio with high-margin, lower emission barrels.