bp has taken a final investment decision (FID) to develop the Kaskida project in the Gulf of Mexico’s Keathley Canyon area about 250 miles southwest of New Orleans, La.
Kaskida, the operator's sixth hub in the US Gulf of Mexico, will feature a new floating production platform with capacity to produce 80,000 b/d from six wells in the first phase of development, the company said in a release July 30.
The project will be bp’s first in the Gulf of Mexico to produce from reservoirs that will require well equipment with a pressure rating of up to 20,000 psi. Production is expected to begin in 2029.
Kaskida field has initial phase discovered recoverable resources estimated at 275 MMboe. Additional wells could be drilled in future phases, subject to evaluation. Across Kaskida, Tiber and nearby discoveries combined have an estimated 10 billion bbl of discovered resources in place.
bp credits drilling technology advancements and updated seismic imaging for the ability to safely develop Kaskida and to progress plans to develop other area fields, including Tiber, which is expected to advance to FID next year.
bp is operator and 100% owner of Kaskida.
