Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BP    BP.   GB0007980591

BP

(BP.)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

BP : unlocks 1 Gbl of oil reserves in the US Gulf of Mexico

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/11/2019 | 08:33am EDT

Global oil and gas company BP has discovered two new oilfields in the US Gulf of Mexico (GoM) and has identified significant additional oil resources at the Thunder Horse deepwater field amounting to approximately 1 Gbl, which could create further development opportunities in the region.

Overall, BP plans to produce about 400,000 boe/d in the deepwater GoM by the middle of the 2020s, up from the current 300,000 boe/d. In 2009, BP`s production exceeded 400,000 boe/d but the company was forced to downsize its output in the region following the 2010 Deepwater Horizon disaster at the Macondo prospect.

BP has also made a final investment decision (FID) on Atlantis-3, a US$1.3bn expansion project at the Atlantis deepwater oil and gas field in the GoM. It will involve tying eight new production wells to the existing Atlantis platform, which currently has a production capacity of 200,000 bbl/d and 180 mcf/d of gas (5 mcm/d). This project will add around 38 kboe/d as of 2020. Other projects are expected to follow in the years to come, including in particular the development of the Thunder Horse and Mad Dog 2 projects.

(c) 2019 MediaQuest Corp. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BP
12:16aDURO FELGUERA : Spanish company to manufacture oil & gas extractors in Azerbaija..
AQ
03/25GROUPS : EPA has dragged heels on oil dispersant rules
AQ
03/25U.S. buyers of Venezuelan oil sub in Shell, BP offshore crude
RE
03/25TOPAZ ENERGY AND MARINE : Secures Contract Extension with BP for 12 Vessels in A..
AQ
03/23BP : to increase production of Giza, Fayoum fields to 700m scf/day in April
AQ
03/23TOPAZ ENERGY AND MARINE : secures contract extension with BP for 12 vessels in A..
AQ
03/22LONDON STOCK EXCHANGE : FTSE sinks as Brexit relief spurs sterling, weak activit..
RE
03/22ENQUEST PLC : - 2018 Full Year Results and 2019 Outlook
AQ
03/22Smiths plans to list medical unit, focus on industrial technology
RE
03/22DURO FELGUERA : Spanish company to manufacture oil & gas extractors in Azerbaija..
AQ
More news
Financials ($)
Sales 2019 271 B
EBIT 2019 20 251 M
Net income 2019 12 152 M
Debt 2019 42 352 M
Yield 2019 5,60%
P/E ratio 2019 13,37
P/E ratio 2020 11,20
EV / Sales 2019 0,70x
EV / Sales 2020 0,67x
Capitalization 147 B
Chart BP
Duration : Period :
BP Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 8,03 $
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Helge Lund Chairman
Andy Hopwood Group COO, Executive VP-Strategy & Regions
Brian Gilvary Group Chief Financial Officer & Executive Director
David Eyton Group Head-Technology
Sector and Competitors
1st jan.Capitalization (M$)
BP10.54%146 641
EXXON MOBIL CORPORATION17.20%338 445
RELIANCE INDUSTRIES18.12%122 025
CHINA PETROLEUM & CHEMICAL CORP15.25%103 286
SUNCOR ENERGY INC.15.84%52 234
PHILLIPS 6611.27%43 608