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The project planned by British Petroleum was initiated earlier than they planned. It appeared to be 11 months ahead of the schedule. The platform is a new step of the company in the deep-water exploration sphere. British Petroleum called it Thunder Horse. The firm managed to save money and complete the establishment $150 million under their budget.
Thunder Horse platform is a part of the company’s strategy. The firm wants to add about 800,000 barrels of new production by 2020. Concerning the project described, it will bring 50,000 barrels. Besides, the platform uses a new system of the deep-water production. The new facilities are located 2 miles to the south from the completed Thunder Horse facilities in the Gulf.
As Richard Morrison (a BP’s president in the Mexican Gulf region) said, the completion of the project ahead of the schedule and the money they managed to save showed that deep-water operations might be done in a cost-efficient way and on the appropriate safety level. Besides, it demonstrates the efficiency of the current strategy of the company in the Gulf region.
Other projects of British Petroleum
Along with the Thunder Horse platform, the company works on other projects in the Mexican Gulf and other locations. One of the recent projects is Mad Dog Phase 2, which costs $9 billion. Consider several other important projects:
- Shah Deniz Phase 2
- Taas-Yuryakh Expansion
- Atoll Phase 1
- Clair Ridge and many others.
Some of them are already completed, while the others still ongoing.
BP: general information about the company
British Petroleum is a worldwide known company, which deals with various energy resources trying to meet the needs of the modern people. They put a great emphasis on safety and excellence.
The history of the company started in 1908 when the oil was discovered in Persia. Throughout the history, the firm faced many transitions of activity, such as from coal to oil and from onshore to deep-water explorations. Today BP is directed to the lower carbon. The company keeps developing, growing, and expanding in order to meet the needs of the population in energy resources. They face current challenges and prepare for the future making their solutions safer, cleaner (by reducing emissions), and better focusing on innovations and growing demands of people.