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BP Greenlights $5B Tiber-Guadalupe Oil Project in US Gulf
Yahoo Finance· 2025-09-30 02:02
bp (NYSE: BP) has reached a final investment decision on the Tiber-Guadalupe project, a new 100%-owned deepwater oil hub in the US Gulf of America. The $5 billion development will feature a floating production platform with capacity for 80,000 barrels of oil per day, drawing from six wells in the Tiber field and two tiebacks from Guadalupe. Production is targeted to begin in 2030. The project underscores the growing importance of the Gulf of America within bp’s upstream portfolio. Tiber-Guadalupe will be ...