BP starts oil production at Argos platform in the Gulf of Mexico

BP has started oil production at its Argos offshore platform, the company said in a statement. With a gross production capacity of up to 140,000 barrels of oil per day, Argos is bp‘s fifth platform in the Gulf of Mexico and the first new bp-operated production facility in the region since 2008. The semisubmersible platform ultimately will increase bp’s gross operated production capacity in the Gulf of Mexico by an estimated 20%, BP said. bp expects to safely and systematically ramp up production from Argos through 2023. CEO Bernard Looney said: "The start-up of Argos is a fantastic achievement that helps deliver our integrated energy strategy – investing in today’s energy system and, at the same time, investing in the energy transition. As bp’s most digital facility worldwide, applying our latest technologies, Argos will strengthen our key position in the Gulf of Mexico for years to come."