The supermajor has given the greenlight to the Atlantis Phase 3 development, which is expected to boost production by 38,000 boepd. BP has approved a $1.3 billion expansion for the Atlantis Phase 3 development in the U.S. Gulf of Mexico, the company announced Tuesday. The development, which includes the construction of a new subsea production system from eight new wells, will boost production at the platform by as much as 38,000 barrels of oil equivalent per day (boepd). The approval for the Atlantis Phase 3 development is timed great for BP as the supermajor recently discovered an additional 400 million barrels of oil at the Atlantis field. The project is scheduled to come onstream in 2020. Additionally, BP announced that another one billion barrels of oil have been identified at the Thunder Horse field as well as two new discoveries near the Na Kika production facility. “BP’s Gulf of […]