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BP starts production at Atlantis Drill Center 1 expansion project [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The project is expected to add around 15,000 barrels of oil equivalent per day (boepd) to the Atlantis platform at gross peak annualised average production. Atlantis, located around 150 miles (241km) south of New Orleans in water depths of 7,074ft, is operated by bp with a 56% working interest, alongside Woodside Energy with the remaining 44%. It has a gross production capacity of up to 200,000 barrels of oil per day. The expansion marks the company's seventh major project to start operations this year, and the fifth of seven major projects to begin operations earlier than planned. BP production and operations executive vice-president Gordon Birrell said: “Atlantis Drill Center 1 caps off an excellent year of seven major project start-ups for bp. “This project supports our plans to safely grow our upstream business, which includes increasing US production to around one million barrels of oil equivalent per day by 2030. “This latest success demonstrates the dedication of o Show less Read more
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