bp has taken a final investment decision on the Kaskida project in the US Gulf of Mexico (GoM).
Kaskida will be bp’s sixth hub in the GoM, featuring a new floating production platform with the capacity to produce 80,000 bbl/d of crude oil from six wells in Phase 1. Production is expected to start in 2029.
Owned 100% by bp, the Kaskida Field has discovered recoverable resources currently estimated at about 275 MMboe from the initial phase. Additional wells could be drilled in future phases, subject to further evaluation, the company said in a recent news release.
Located in the Keathley Canyon area about 250 miles southwest offshore New Orleans, La., bp says the Kaskida project unlocks the potential future development of 10 Bbbl of discovered resources in place across the Kaskida and Tiber catchment areas.
The company also says it plans to leverage existing platform and subsea equipment designs that can be replicated in future projects to drive cost efficiencies across Kaskida’s construction, commissioning and operations.
“Kaskida will be simpler to construct and simpler to operate,” according to Andy Krieger, bp’s senior vice president, Gulf of Mexico and Canada.
Kaskida will be bp’s first development in the GoM to produce from reservoirs that will require well equipment with a pressure rating of up to 20,000 psi (20K).
"Advancements in 20K drilling technology coupled with updated seismic imaging are enabling bp to safely develop Kaskida and to progress plans to develop other fields such as Tiber, which is expected to advance to a final investment decision next year," bp stated in the release.
