BPTT’s regional president Claire Fitzpatrick has expressed that BP is still working on filling the gap in gas production after its failed infill drilling programme earlier this year.
Speaking at BPTT’s technology open house Fitzpatrick said: “In terms of our declines, a lot of the work we are doing here is around making sure we can maximise the production.”
Fitzpatrick said that whether maximising production comes through the utilisation of its new technologies, the company has an objective of ensuring that it can meet its existing contractual commitments. Referencing a presentation during the event, Fitzpatrick reiterated that gas declines quite quickly.
“A lot of the optimisation work is around how do we mitigate and slow the rate of that decline?”
Fitzpatrick continued to say the gap in gas production that was created by the failed infill drilling programme is “not going to close...in the near term.
“Our next major projects we start to bring in are Cassia Compression, comes in 2022, Matapal also comes in 2022 and you saw that the Cypre presentation—that’s looking like the end of 2022, 2023, subject to successful FID (final investment decision) next year.”
In May of this year, the disappointing results that BPTT received from their infill drilling programmes have tangibly impacted their predicted gas production.
The company said the news will impact output, especially in 2020 and 2021.
BPTT also said earlier this year, there were challenges to their supply of gas to Atlantic LNG’s Train 1 after 2019.
Fitzpatrick added that shareholders are still having discussions concerning the future of Atlantic LNG.
“In terms of Train 1 itself, shareholders continue to have conversations, it’s a difficult and challenging decision on funding maintenance activities without knowing how you are going to recover that investment,” she said. Nevertheless, Fitzpatrick noted that all the shareholders have a desire to keep Train 1 up for many reasons.
“If you have an unplanned outage at one of the other plants, having capacity to swing gas means that we are helping keep the production levels up from a country perspective as well for the individual companies.”
Concerning the use of technology, Fitzpatrick said: “We at BP are committed to deploying the best available technologies into our business and to continue to use the best minds to deliver energy now and in the future.”
She said the company is changing the way it works to become more efficient, to increase production and to advance the energy transition.