BP Approves $5 Billion Tiber-Guadalupe Drilling Project-February 2024-www.financetom.com

BP Approves $5 Billion Tiber-Guadalupe Drilling Project

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BP Approves $5 Billion Tiber-Guadalupe Drilling Project

Sep 29, 2025 2:22 AM

05:06 AM EDT, 09/29/2025 (MT Newswires) -- BP (BP) said Monday it has approved the $5 billion Tiber-Guadalupe drilling project in the Gulf of Mexico.

The project includes six wells and a two-well tieback with an expected production capacity of 80,000 barrels of crude oil per day.

Production in the platform is anticipated to start in 2030, the oil major said.

Tiber-Guadalupe will be the company's seventh operated production platform in the Gulf of Mexico.

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