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BP development drive to boost GOM output to ~400,000 boe/d

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Through the middle of the next decade, BP plans to add about 100,000 boe/d to its Gulf of Mexico output, driving volumes to near 400,000 boe/d. The company is already the largest operator in the play and grew output 60% since 2013 to more than 300,000 boe/d today. It has exploited 12% of its resources in place and sees room to grow. Recently, BP added substantial resources to its in-place estimate. Through a proprietary algorithm and enhanced seismic imaging techniques,......
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