Is BP Shifting Its Focus To Natural Gas?

BP announced highlights of its Q2 2017 exploration activities today, collecting the results of several different projects. Four discoveries representing 17+ Tcf of gas BP reports that it has made four gas discoveries so far in 2017. Two separate discoveries were made near Trinidad and Tobago. The Savannah exploration well was drilled into an untested fault block in 500 feet of water, and encountered about 650 feet of net pay. The strong results from this well mean BP expects to develop the fault block using a tieback to the nearby Juniper platform. The Macadamia well, also offshore from Trinidad, recently drilled below the existing SEQB discovery. The well found seven intervals of pay, with a total of 600 feet net pay. The success of this well, and the previously-established SEQB discovery, mean BP will likely develop the area using a new platform in the future. According to BP, Savannah […]

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