Advances in 20,000-psi technology are paving the way for BP’s expected production growth in the deepwater Gulf of Mexico (GoM) later this decade.
BP discovered the Kaskida reserves in 2006 but had to wait for technology capable of handling the higher pressures and higher temperatures of the reservoir to become available. Given the progress in development of 20K equipment, BP expects to reach final investment decision (FID) on the Kaskida development later this year, Andy Krieger, BP’s senior vice president for the GoM and Canada, said during a May 7 keynote at the 2024 Offshore Technology Conference in Houston.
“The Paleogene will lead our growth through the end of the decade with new hub developments,” he said.