BP Approves New Gas Project in Trinidad to Aid Atlantic LNG Output
(Reuters) — BP has given final approval to its Ginger gas development in Trinidad and Tobago, it said on Thursday, one of ten new projects listed by CEO Murray Auchincloss in a strategy revamp last month to underpin BP's renewed focus on oil and gas.
Ginger, which will be tied back to one of BP's existing twelve platforms off Trinidad's East coast, is expected to start producing in 2027 with a peak production of 62,000 barrels of oil equivalent per day, the company said.
The Trinidad and Tobago government has been encouraging BP and other producers to increase natural gas production to meet the demand of its flagship liquefied natural gas facility, Atlantic LNG, and its petrochemical plants.
BP is a 45% shareholder in Atlantic LNG and last year produced only 8.5 million metric tons out of a possible 12.5 MTPA capacity due to low gas availability, according to preliminary data from LSEG.
"The Ginger development, as well as bpTT’s Cypre gas project, scheduled to start up in 2025, are part of bpTT’s strategy of maximizing production from existing acreage," BP said in a statement.
BP said it also discovered gas at its Frangipani well offshore Trinidad which is in the same geological structure as Ginger. The company said it is looking at how it can quickly move the discovery forward.
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