bp’s US offshore oil and gas business
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 deepwater Gulf of America, bp is looking to our next wave of growth – with major projects already underway. We’re building capacity to produce more than 400,000 barrels of oil equivalent per day.
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.
In July 2024, we gave the go-ahead for the Kaskida project, which will be our sixth operated hub in the region and feature a new floating production platform with the capacity to produce 80,000 barrels of crude oil per day. Production is expected to start in 2029.
The Kaskida project unlocks the potential future development of 10 billion barrels of discovered resources across the Kaskida and Tiber fields. Advancements in drilling technology coupled with updated seismic imaging are enabling us to develop Kaskida and to progress plans to develop other Paleogene-era fields such as Tiber. The platform will also leverage a simplified, standardized and cost-efficient design that can be replicated in future projects.
Meet Andrea
It's no secret that working in the Gulf of America is challenging. That’s why bp prioritizes safety, in the Gulf of America and across the company’s global operations. This means the company is working diligently to make sure the company’s employees and contractors return home safely.
bp is committed to safe and reliable operations in the deepwater Gulf of America, where it operates large production facilities and drilling rigs, is one of the industry’s largest leaseholders and is a leading producer of oil and natural gas. During the Atlantic hurricane season (June 1-Nov. 30) bp will be closely monitoring tropical storm activity and hurricanes that could impact our operations in the deepwater Gulf of America.