bp Trinidad and Tobago’s (bpTT) Mento development has delivered first gas through the connection of the initial discovery well. Mento’s production will significantly contribute to the 250,000 barrels of oil equivalent per day combined peak net production expected from these 10 projects.
Key Takeaways
- bpTT's Mento project delivered first gas, significantly boosting Trinidad and Tobago's production goals.
- bp is expanding its Azerbaijan portfolio with major investments in the Shah Deniz Compression Project for increased gas recovery and solar-powered electrification.
- bp is signed new exploration agreements.
“I am proud to announce first gas from Mento with our partner EOG Resources Trinidad Ltd.,” said bpTT president David Campbell. “For bpTT, this represents our second start-up this year, and it is tangible proof of the benefits of partnering with others to bring much-needed gas into production. The bpTT/EOG partnership is progressing well as we continue to work on our next joint venture project, Coconut.”
The drilling campaign for the remaining seven gross wells on the Mento platform will now commence. Mento, a 50/50 joint venture between EOG Resources Trinidad (EOG) and bpTT, features a 12-slot, attended facility located in acreage jointly licensed by bpTT and EOG off Trinidad’s southeast coast.
bp has also announced that the company and its partners have entered a series of agreements to build and expand on major oil and gas interests in Azerbaijan. The agreements include:
- Shah Deniz Compression Project: bp (with a 29.999% participating interest) and partners have approved the next phase of development of the $2.9 billion Shah Deniz gas field. The Compression project is designed to access and produce low-pressure gas resources from the gas field, increasing resource recovery and extending production life. A new unmanned compression platform will be installed and is expected to produce an additional gross 50 billion cubic meters of gas and 25 million barrels of condensate. First gas is anticipated in 2029.
- Shafag solar and Sangachal electrification projects: bp has been given the go-ahead to develop the linked 240-MW Shafag solar and Sangachal terminal electrification projects. Renewable electricity generated by the solar project in Azerbaijan’s Jabrayil district will be supplied to grid operator AzerEnerji, which will, in turn, provide equivalent power to the Sangachal oil and gas terminal near Baku. This will help reduce operational emissions in Azerbaijan, enabled by the electrification of the terminal, which will also free up the gas currently used to fuel the turbines generating power for the terminal.
- Exploration access and progress: bp has completed an agreement with SOCAR to access two blocks in the Caspian Sea for exploration and development, for the discovered Karabagh oil field and the Ashrafi-Dan Ulduzu-Aypara area. bp will hold a 35% working interest and become the operator of each block, with SOCAR retaining 65%.
“We are deeply proud of the long and successful partnership that bp has built with Azerbaijan over more than 30 years,” said Gordon Birrell, EVP Production and Operations at bp. “As can be seen by the agreements we signed this week, we continue to see many opportunities for further development and growth. As we deliver our strategy of growing our upstream, we will build on our strong positions in regions like Azerbaijan and on the deep relationships we have with the government and our partners.
“The next phase of development for Shah Deniz will access additional resources, extend production, and support continued delivery of important gas supplies to European customers. Innovative linked electrification and solar projects will promote lower operational emissions in Azerbaijan while freeing up fuel gas for export. And we look forward to working with SOCAR and TPAO to progress exploration for further opportunities."