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SES - BHP Highlights - February 21, 2019

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On Feb. 13, BHP’s board approved a $700 million investment in Atlantis Phase 3 in the Gulf of Mexico. Operator BP made an FID for the $1.3 billion project earlier this year. The expansion will include a new subsea production system with eight wells that will be tied into the current platform. Peak production capacity will be expanded by 38,000 boe/d when Phase 3 comes online in 2020. Current Atlantis capacity is 200,000 boe/d and 180 MMcf/d. Atlantis lies in 7,000 ft of water 150 miles south of New......
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