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BP
Ramping Up Production to Meet Worldwide Demand BP
PRODUCTION: Timothy Reeder
BP recognises the speed at which the world is changing, and the crucial role it has to play as an energy giant in this transition, helping to meet the world’s need for more energy while reducing carbon emissions.
// In an increasingly populated and ever-changing world, BP is having to undergo considerable changes of its own. The mix of energy that provides heat, light and mobility for the billions of people across the globe is shifting towards lower carbon sources, driven by advances in technology and growing concerns about climate change. BP is a global energy business committed to playing its part in meeting such a complex challenge, aided greatly by its expertise gained from working across the world, from deserts to the deep sea, from rigs to retail stations, providing fuel and power for heat, light and mobility.
Several key projects embody BP’s stance in solving this conundrum, perhaps none more clearly than Juniper, the fifth BP Upstream major project, and second in Trinidad, to start-up in 2017. First gas was announced from the Juniper development in August this year, and is expected to boost BPTT’s gas production capacity by an estimated 590 million standard cubic feet a day. After investment of approximately US$2 billion Juniper is BP’s first subsea field development in Trinidad, producing gas from the Corallita and Lantana fields via the new Juniper platform, 80 kilometres off the south-east coast of Trinidad in water approximately 110 metres deep.
Bernard Looney, chief executive of BP’s Upstream business, said: “Delivered on schedule and under budget, Juniper is a major
milestone in BP’s more than 50 years of investment in Trinidad and Tobago. It is the largest new project brought into production in Trinidad for several years and the second major project we have started here this year. Together they represent a significant portion of the new production capacity we expect to bring online in 2017.”
It joined another major project in Trinidad - the Trinidad Onshore Compression project - which began operations in April, while in June BPTT announced that it had also sanctioned development of the Angelin gas field, which is expected to start production in late 2019. “The safe start-up of production from Juniper is a proud moment for BPTT, and further demonstrates our commitment to helping improve production capacity for Trinidad and Tobago,” said Norman Christie, BPTT’s regional president.
Confirmation of production at Juniper in Trinidad was swiftly followed by news of BP’s Persephone in Australia, another of its seven Upstream major projects expected to come online in 2017. The Persephone project is operated by Woodside Energy and, at peak production the project is expected to produce around 48 mmscfd of gas net for BP. Bob Dudley, BP group chief executive said: “This is a significant year for BP and, with five of our seven planned major projects now onstream, delivery of our plan is firmly on track. “Importantly, these new projects, with their lower development costs and higher margins, also further improve BP’s resilience to the price environment.”
BP
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