Kaskida (KC192) - BP Oil and Gas Asset (Federal offshore, United States)
| This article is part of the Global Oil and Gas Extraction Tracker, a Global Energy Monitor project. |
| Related categories: |
Kaskida (KC192) - BP Oil and Gas Asset is a discovered oil and gas asset in Federal offshore, United States.
Kaskida (KC192) - BP is a part of the Kaskida complex.
Project Details
Main Data
Table 1: Asset-level project details for Kaskida (KC192) - BP Oil and Gas Asset
| Unit name | Status | Operator | Owner | Discovery year | FID* year | Production start year |
|---|---|---|---|---|---|---|
| Kaskida (KC192) - BP | Discovered[1] | BP[2] | BP (70.0%); Devon Energy Corporation (30.0%)[2] | 2006[1] | 2024 (expected)[3] | 2034 (expected)[1] |
Production and Reserves
Table 2: Reserves of Kaskida (KC192) - BP Oil and Gas Asset
| Fuel Description | Reserve Classification | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| hydrocarbons | reserves | 352 | million boe | 2023 | [1] |
Location
Table 3: asset-level location details for Kaskida (KC192) - BP Oil and Gas Asset
| Concession/Block | Location | Coordinates (WGS 84) |
|---|---|---|
| KC192[1] | Federal offshore, United States[4] | 27.9916, -91.4052 (approximate)[4] |
The map below shows the approximate location of the asset(s) within the Kaskida complex:
Background
Kaskida was discovered in 2006 by BP. According to a Bloomberg Columnist in 2024: the discovery "was both stunning and unattractive. It contained billions of dollars worth of petroleum, but the technology needed to develop it didn’t exist. The oil wasn’t just far beneath the sea. It was under a thick layer of salt and under such high pressure and temperature that it would gush out into the seabed if tapped. Nothing at the time could have contained it. Risk was everywhere. Just four years after finding Kaskida, the Deepwater Horizon rig exploded while drilling another well at the Macondo site." If approved in 2024 as BP planned, the field would be BP's first new project in the Gulf of Mexico since Deepwater Horizon. High temperatures and immense pressure made the field inaccessible, but industry believes that 2022 drillships can handle the depth, pressure and tempetures needed to extract from Kaskida.[5]
According to Offshore-Mag in April 2024, BP was aiming "for a final investment decision in 2H 2024, with a price tag ranging from $15 to $20 billion."[5]
Articles and Resources
Additional data
To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 "Assumptions to the Annual Energy Outlook 2023: Oil and Gas Supply Module" (PDF). U.S. Energy Information Administration. 44986. Archived (PDF) from the original on Nov 13, 2023. Retrieved Nov 13, 2023.
{{cite web}}: Check date values in:|date=(help) - ↑ 2.0 2.1 https://web.archive.org/web/20230607175617/https://www.offshore-technology.com/projects/kaskida-field/. Archived from the original on 07 June 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230505041944/https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/050223-bp-readies-new-gulf-of-mexico-oil-project-kaskida-after-q1-output-bounce. Archived from the original on 05 May 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 4.0 4.1 https://web.archive.org/web/20240202192111/https://www.offshore-technology.com/projects/kaskida-field/. Archived from the original on 02 February 2024.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 5.0 5.1 Beaubouef, Bruce (2024-04-12). "Top 5 projects to watch: operators advance field development plans". Offshore. Retrieved 2024-04-19.
