[US GOM] Mad Dog

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escveritas
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[US GOM] Mad Dog

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bp is one of the largest oil producers in the deepwater Gulf of Mexico. Its strategy is rooted in continued investment and exploration around four operated hubs: Atlantis, Mad Dog, Na Kika and Thunder Horse

BP approves Mad Dog Phase 2 project in the Deepwater Gulf of Mexico
Release date: December 1, 2016

$9 billion project will bring second platform to the super-giant Mad Dog field at less than half of original cost

HOUSTON- BP has sanctioned the Mad Dog Phase 2 project in the United States, highlighting its long-term commitment to the country despite the current low oil price environment.

Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. Oil production is expected to begin in late 2021.

“This announcement shows that big deepwater projects can still be economic in a low price environment in the U.S. if they are designed in a smart and cost-effective way,” said Bob Dudley, BP Group Chief Executive. “It also demonstrates the resilience of our strategy which is focused on building on incumbent positions in the world’s most prolific hydrocarbon basins while relentlessly focusing on value over volume.”

In 2013, BP (operator, with 60.5 percent working interest) and co-owners, BHP Billiton (23.9 percent) and Union Oil Company of California, an affiliate of Chevron U.S.A. Inc. (15.6 percent), decided to re-evaluate the Mad Dog Phase 2 project after an initial design proved too complex and costly.

Since then, BP has worked with co-owners and contractors to simplify and standardize the platform’s design, reducing the overall project cost by about 60 percent. Today, the leaner $9 billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices.

“Mad Dog Phase 2 has been one of the most anticipated projects in the U.S. deepwater and underscores our continued commitment to the Gulf of Mexico,” said Richard Morrison, president of BP’s Gulf of Mexico business. “The project team showed tremendous discipline and arrived at a far better and more resilient concept that we expect to generate strong returns for years to come, even in a low oil price environment.”

While BP has reached a final investment decision (FID) on Mad Dog Phase 2, BHP Billiton and Chevron, for the Union Oil Company of California interest, are expected to make a final investment decision in the future.

BP discovered the Mad Dog field in 1998 and began production there with its first platform in 2005. Continued appraisal drilling in the field during 2009 and 2011 doubled the resource estimate of the Mad Dog field to more than 4 billion barrels of oil equivalent, spurring the need for another platform at the field.

The second Mad Dog platform will be moored approximately six miles to the southwest of the existing Mad Dog platform, which is located in 4,500 feet of water about 190 miles south of New Orleans. The current Mad Dog platform has the capacity to produce up to 80,000 gross barrels of oil and 60 million gross cubic feet of natural gas per day.

BP plans to add approximately 800,000 net barrels of oil equivalent per day of new production globally from projects starting up between 2016 and 2020.

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In 2016 bp sanctioned the Mad Dog 2 project in the Gulf of Mexico, highlighting its long–term commitment to the region despite the current low oil price environment.

Mad Dog 2 will include a new floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from up to 14 production wells. Oil production is expected to begin in late 2021.

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escveritas
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Re: [US GOM] Mad Dog

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BP names new Gulf of Mexico platform
Release date: November 27, 2018

HOUSTON — BP announced today that the new floating production unit for the Mad Dog 2 project in the deepwater Gulf of Mexico will be named Argos.

The name, chosen by the project team and an employee survey, is a reference to Odysseus’ loyal dog from "The Odyssey," and a nod to the Mad Dog spar, an existing production facility operated by BP that is located about six nautical miles away from the Argos site.

The Mad Dog 2 project includes the Argos platform with the capacity to produce up to 140,000 gross barrels of crude oil per day through a subsea production system from up to 14 production wells and eight water injection wells.
“Selecting Argos as the name of our newest platform is an important milestone for the Mad Dog 2 project, which remains on track and on budget,” said Starlee Sykes, BP’s regional president for the Gulf of Mexico and Canada. “This project is key to delivering high-margin production from one of the largest fields in the Gulf of Mexico, and it will strengthen our position in the basin for years to come.”
The platform will be the first new BP-operated production facility in the Gulf of Mexico since 2008, when Thunder Horse came online. It will be BP’s fifth operated platform in the Gulf of Mexico and it will help extend the life of the super-giant Mad Dog oil field beyond 2050.

Originally estimated to cost over $20 billion, BP worked with co-owners and contractors to simplify and standardize the platform’s design, reducing the overall project cost by about 60 percent. The final investment decision for the $9 billion project was approved in early 2017 by BP (60.5 percent) and co-owners BHP (23.9 percent) and Union Oil Company of California, an affiliate of Chevron U.S.A. Inc. (15.6 percent).

The hull and topsides of the Argos platform are currently under construction in South Korea, with oil production from the facility expected to begin in late 2021.
escveritas
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Re: [US GOM] Mad Dog

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Delivering assurance in the Gulf of Mexico
Mad Dog 2 Field | BP
BP improves risk management and reduces costs in deepwater Gulf of Mexico.


Water depth range 4,600–7,100 ft [1,400–2,160 m]
Project type Greenfield development with floating production unit
Awarded: 2017
Holistic approach by Subsea Integration Alliance improves risk management and reduces costs in deepwater Gulf of Mexico for BP.
Subsea Integration Alliance delivers efficient SPS and SURF services in first large-scale integrated subsea development.

As a result of all aspects of the technical solution being integrated for full efficiency, Subsea Integration Alliance is helping BP reduce costs, increase execution predictability, and improve technical and delivery risk management.

Background

BP required several integrated components and services to reduce costs and enhance efficiencies in its Mad Dog 2 project. Subsea Integration Alliance provided a supplier-led technical solution that integrated subsea production systems (SPS) with subsea umbilical, riser, and flowline (SURF) services.

Key technologies

Production and water injection subsea trees
Manifolds, including gas lift distribution unit manifold
Topside and subsea controls, flowmeters and jumpers
53 mi [82 km] of rigid lines and 6 mi [9 km] of flexible risers
System precommissioning and testing
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