BP is Simplifying its Organisational Structure, Supporting Delivery of the Priorities it set out in February 2024 to Grow the Value of BP
Simplified structure reduces duplication and reporting line complexity. William Lin to lead gas & low carbon energy business, following retirement of Anja- Isabel Dotzenrath. Emeka Emembolu to lead technology function, following Leigh-Ann Russell’s decision to leave bp for an external opportunity. bp is simplifying its organisational structure, supporting delivery of …
British BP Announced the Start of Oil Production from a New Offshore Platform in Azerbaijan
The British company expects production at ACE to reach about 24 thousand barrels per day in 2024. The British company BP announced the start of oil production from a new platform in the Azerbaijani sector of the Caspian Sea. “As part of the development of the Azeri-Chirag-Gunashli (ACG) field, the …
BP Predicted Production Growth in the Upstream Segment in the First Quarter
British oil and gas company BP Plc expects an increase in production in the upstream segment in the first quarter compared to October-December 2023, it said in a statement. In the gas and low-carbon energy subsegment, a slight increase in production is expected, while in the oil subsegment – a …
BP Is Preparing To Drill A Deepwater Well Offshore Of Brazil After Exploration Attempts By Shell And ExxonMobil Failed
BP is preparing to drill a deepwater well on the Brazilian continental shelf in an attempt to break a string of failures for other oil and gas majors. The company’s press service reports this. Drilling work Drilling operations are planned at the Pau Brasil field in the Santos Basin. On …
BP Began Gas Production On The Northeastern Flank Of The Shah Deniz Field
BP has begun gas production on the northeastern flank of the Shah Deniz field as part of Stage 2 of the development of this contract area, BP-Azerbaijan (the technical operator of the project is IF-Az) said in a statement. “Gas production within the framework of Stage-2 of the Shah Deniz …
BP Plans To Invest $1.5 Billion In The Development Of The Oil And Gas Industry In Egypt
The company’s chief executive, Murray Auchincloss, is also interested in the possibility of investing an additional $5 billion in this area in the future. The British company British Petroleum (BP) intends to invest at least 1.5 billion in the development of the oil and gas sector of the Egyptian economy. …
ADNOC And BP Agreed To Create A Gas Joint Venture In Egypt
British energy company BP and Abu Dhabi (UAE) oil and gas company ADNOC have agreed to establish a joint venture (JV) in Egypt, their joint release said. “ADNOC and BP today announce that they have agreed to establish a new joint venture (JV) in Egypt,” the statement said. Initially, the …
BP Plans To Drill 12 Production Wells At ACG In 2024
BP-Azerbaijan plans to drill 12 production wells in the Azeri-Chirag-Gunashli (ACG) field block in 2024, said BP Vice President for Wells in Azerbaijan, Georgia and Turkey Jim O’Leary. “In 2024, it is planned to drill 18 wells on the ACG block, including 12 production wells, 3 water injection wells, 2 …
BP Began A Five-Year 4D Seismic Program At ACG Worth $370 Million
On January 20, 2024, BP began implementing a four-dimensional (4D) seismic exploration program at the Azeri-Chirag-Gunashli (ACG) field block in the Azerbaijani sector of the Caspian Sea. “Taking into account the area of the study area, the cost and timing of seismic research, this project is the largest seismic data …
BP Began Drilling the First Production Well from a New Platform at ACG
BP-Azerbaijan announced the start of drilling the first production well from the new Central East Azeri (CEA) platform in the Azeri-Chirag-Gunashli (ACG) block in the Azerbaijani sector of the Caspian Sea. “Drilling of the first production well from the CEA platform began on December 4,” the company said in a …