British oil and gas company BP has started oil production on the new Argos offshore platform in the US Gulf of Mexico. In this respect says in a company press release. He states that Argos is BP’s first new manufacturing facility in the Gulf of Mexico since 2008.
Argos is BP’s fifth platform in the Gulf of Mexico.
“The launch of Argos is a great achievement in helping us realize our integrated energy strategy of investing in a modern energy system while also investing in the energy transition. BP CEO Bernard Looney said in the message, “Argos will strengthen our key position in the Gulf of Mexico for years to come. ” said.
The report states that the gross production capacity of the platform is 140,000 barrels of oil per day. With this platform, BP plans to increase the company’s gross operating capacity in the Gulf of Mexico by approximately 20%. BP expects to increase production in the Gulf of Mexico to 400,000 barrels of oil per day by the middle of this decade.
BP is a multinational oil and gas company headquartered in London. About a third of the company’s revenue comes from operations in the United States. BP is one of the six largest oil and gas companies in the world.