The Phase 2 project is expected to increase output at one of the largest fields in the Gulf of Mexico, with peak annual average gross production of 25 000 boe/d from the initial two well tieback.
The well, offshore Australia, delivered an initial rate, after clean-up, approaching 10 000 bpd and following a period of well performance testing will be stabilised at around 3000 bpd.
The biggest growth is expected to happen in the Permian Basin, where crude oil and condensate supply is projected to increase by almost 0.90 million bpd from 4.5 million bpd in 2021 to 5.4 million bpd by 2030.