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Thunder Horse and Atlantis hit by delays.
(From Lloyds List)
BP's GULF of Mexico projects hold one of the keys to the company's growth in production but two important projects are facing delays and cost overruns.
In the first quarter of next year, BP expects both Thunder Horse and Atlantis platforms to come on line, way behind their schedules and beyond their original budgets.
Thunder Horse has been delayed by damage caused by hurricanes in 2005 and failures on two subsea manifolds, which need to be repaired this quarter.
'During a routine hydrotest we experienced two leaks in subsea manifolds. We are fully investigating the events before starting up the platform,' said chief executive John Browne.
'Our current plan anticipates replacing just the damaged subsea equipment and this would enable, subject to weather conditions, a start-up of production in early 2007.'
BP's head of exploration and production Tony Hayward said the manifolds were raised last week for repairs and will be reinstalled in the fourth quarter.
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- Press release article from: PR Newswire December 18, 2008 700+ words
...said Bob Malone, chairman and president of BP America. BP is operator of Thunder Horse with 75 percent ownership. ExxonMobil has...the largest net leaseholder. In addition to Thunder Horse, BP is also progressing six BP-operated and...
- Delays at Thunder Horse add to BP's woes.(British Petroleum Company PLC)
- Newspaper article from: The Oil Daily Kelly, Andrew September 19, 2006 700+ words
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- Press release article from: Business Wire July 11, 2005 700+ words
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- News wire article from: Europe Intelligence Wire October 31, 2006 700+ words
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- Newspaper article from: Global Markets September 25, 2006 700+ words
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- ROUNDUP BP profit, output hit by further Thunder Horse start-up delay -...
- News wire article from: Europe Intelligence Wire September 19, 2006 700+ words
...Mexico. The 1 bln usd Thunder Horse platform tilted after...in July last year. BP found leaks in certain...the rig already cost BP around 250 mln usd. The Thunder Horse saga is just one of...operational problems that BP is facing in America...
- BP ramps up Thunder Horse.(Exploration & Production)(Brief article)
- Newspaper article from: The Oil Daily December 19, 2008 700+ words
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- BP PLC - Statement re Thunder Horse.
- News wire article from: Europe Intelligence Wire September 18, 2006 700+ words
...RNS Number:1138J BP PLC 18 September 2006 BP SAYS THAT REPAIR OF SUBSEA EQUIPMENT WILL DELAY THUNDER HORSE UNTIL 2008 Following...production equipment from its Thunder Horse field in the deepwater Gulf of Mexico. BP said the problem became...
- Production at huge BP oil rig won't start in 2005: Thunder Horse slotted for...
- News wire article from: The America's Intelligence Wire July 27, 2005 700+ words
...Post) LONDON - BP PLC's Thunder Horse oil and gas platform...and repaired," BP said in its quarterly...is no damage to Thunder Horse's subsea production...miles an hour. Thunder Horse is 75% owned by BP and 25% by Exxon...
