Offshore staff

MEXICO CITY – BP will drill its first deepwater exploration well at a block it operates in the southern Gulf of Mexico in 3Q 2020, according to a plan approved recently by Mexican oil regulator CNH.

According to a Reuters report, the four-year exploration plan for the block located in the Gulf’s Salina basin will lead to an investment of $199.5 million and add up to 75 MMboe in reserves.

Statoil and Total are equity partners in the BP-led consortium, which won the development rights to the block in Mexico’s first-ever deepwater oil auction in late 2016.

03/25/2018