HOUSTON, May 7 (Reuters) - BP is considering a financial

greenlight decision for its Tiber offshore oil project in the

U.S. Gulf of Mexico, an executive said on Tuesday at an offshore

energy conference.

The company's U.S. Gulf of Mexico output last year averaged

300,000 barrels of oil and gas per day and it is targeting

400,000 barrels per day by 2030, Andy Krieger, BP's senior vice

president of its Gulf of Mexico and Canada business, said at the

Offshore Technology Conference.