Apr 17, 2023
bp has successfully started oil production at its Argos offshore platform, delivering more energy at a critical time and strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico.
With a gross production capacity of up to 140,000 barrels of oil per day, Argos is bp’s fifth platform in the Gulf of Mexico and the first new bp-operated production facility in the region since 2008. The semi-submersible platform ultimately will increase bp’s gross operated production capacity in the Gulf of Mexico by an estimated 20%. bp expects to safely and systematically ramp up production from Argos through 2023.
“The start-up of Argos is a fantastic achievement that helps deliver our integrated energy strategy – investing in today’s energy system and, at the same time, investing in the energy transition. As bp’s most digital facility worldwide, applying our latest technologies, Argos will strengthen our key position in the Gulf of Mexico for years to come.” Bernard Looney, chief executive officer
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bp chief executive Bernard Looney said: “The start-up of Argos is a fantastic achievement that helps deliver our integrated energy strategy – investing in today’s energy system and, at the same time, investing in the energy transition. As bp’s most digital facility worldwide, applying our latest technologies, Argos will strengthen our key position in the Gulf of Mexico for years to come.”
Argos is the centerpiece of bp’s Mad Dog Phase 2 project, which extends the life of the super-giant oil field discovered in 1998. It is one of nine high-margin major projects that bp plans start up by the end of 2025 globally.
Starlee Sykes, bp senior vice president, Gulf of Mexico and Canada, said: “Safely starting up the Argos platform is an incredible milestone for bp and a proud moment for our team who delivered the project with an impeccable safety record. Producing some of bp’s highest value, lowest operational emissions barrels, our Gulf of Mexico business has an important role to play in delivering the energy the world needs. I am grateful to everyone who worked on Argos over the years – from discovery to start-up.”
David Lawler, chairman and president bp America: “Argos demonstrates bp’s continued commitment to investing in the US. We’re one of the largest energy producers in the country and are adding more resilient hydrocarbons at a critical moment.”
Operating in 4,500 feet of water about 190 miles south of New Orleans, Argos will support 250 permanent jobs. Standing 27 stories tall, the platform has a deck the length and width of an American football field and weighs more than 60,000 tons.
Ewan Drummond, senior vice president, projects, production and operations, said: “Projects like Argos don’t just happen. They take years of careful planning, execution excellence, and brilliant teamwork. Argos is key to our strategy of increasing our Gulf of Mexico production to around 400,000 barrels of oil equivalent per day by the middle of this decade.”