BP news

BP has held a 19.75% shareholding in Russian state-owned oil company Rosneft since 2013.

Phase 1 of the Herschel Expansion project comprises development of a new subsea production system and the first of up to three wells tied to the Na Kika platform.

ICR has been awarded a long-term hire contract with Aker Solutions for the provision of Quickflange weldless connections for BP’s offshore assets in Angola.

Lukoil has acquired a 25% participating interest in the Shallow Water Absheron Peninsula exploration project.

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.

Matapal will deliver gas into the Trinidad gas market from resources discovered by the Savannah exploration well, drilled in 2017.

The joint venture will support the Azeri Central East project operated by BP.

Two new wells tied into the Na Kika platform are expected to boost gross platform production by an estimated 20 100 boe/d.

BP currently holds a 27.5% non-operated interest in the Shearwater condensate and gas field, operated by Shell, in the UK Central North Sea.

The new company would be supported by Eni and BP and would be expected to be self-funded.