BP and Partners Aim to Lower Operational Emissions with Gravity-Based Structure for Greater Tortue Ahmeyim LNG Project

BP and Partners Aim to Lower Operational Emissions with Gravity-Based Structure for Greater Tortue Ahmeyim LNG Project

(IN BRIEF) BP and its partners have announced the development concept for the second phase of the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, which includes the evaluation of a gravity-based structure (GBS) for the GTA Phase 2 expansion project. The new concept aims to have a total capacity of 2.5-3.0 million tonnes per annum and will include subsea equipment, additional wells, and integrate with the existing GTA infrastructure. The partnership aims to reduce operational emissions by using electricity to power LNG liquefaction. GTA is a deep subsea development project located 120km offshore in water depth of 2850m. Phase 1 is currently under development and is expected to produce 2.3 million tonnes of LNG per year.

(PRESS RELEASE) LONDON, 27-Feb-2023 — /EuropaWire/ — bp (LON: BP), a British multinational oil and gas company, and its partners have confirmed that they will take forward the development concept for the second phase of the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, aimed at evaluating a gravity-based structure (GBS) as the basis for the GTA Phase 2 expansion project. The partnership, comprising bp, PETROSEN, Société Mauritanienne des Hydrocarbures (SMH), and Kosmos Energy, plans to create a GBS LNG facility with a total capacity of between 2.5-3.0 million tonnes per annum. The new concept will also include subsea equipment and additional wells that integrate with the existing infrastructure of the GTA project. The partnership aims to lower operational emissions by considering the use of electricity to power LNG liquefaction. The contractors are currently working with bp and its partners to progress the concept towards the pre-FEED stage.

The GTA project is located in water depth of 2850m, 120km offshore, making it one of the deepest subsea developments in Africa. Phase 1 of the project, currently under development, is expected to produce approximately 2.3 million tonnes of LNG per year and will export gas to an FPSO approximately 40km offshore. This will be followed by the transportation of the processed gas to floating LNG facilities located 10km offshore.

Gordon Birrell, bp’s executive vice president for operations and production, said: “We aim to build on our strong collaboration with our partners, and the Governments of Mauritania and Senegal, to further develop a long-term, successful energy hub in West Africa. GTA continues to underpin our strategy to develop the most resilient hydrocarbons to help provide energy security today.”

In July 2021, the GTA project received the status of “National Project of Strategic Importance” from the Presidents of Mauritania and Senegal, demonstrating the commitment of the host governments to the project’s significance.

BP and the two governments have a longstanding and wide-ranging cooperation encompassing the GTA project and other potential energy developments. Recently, in October 2022, bp signed an exploration and production sharing contract for the BirAllah gas resource in Mauritania, and it is also working with its partners on the development of a major gas-to-power project in Senegal, Yakaar Teranga. Most recently, BP signed a memorandum of understanding with the Government of Mauritania to deliver a programme exploring the potential for large-scale production of green hydrogen in the country.

Contacts

bp press office, London: +44 20 7496 4076, bppress@bp.com

Cautionary statement

In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’) and the general doctrine of cautionary statements, bp is providing the following cautionary statement. This document contains certain forecasts, projections and forward-looking statements – that is, statements related to future, not past events and circumstances – with respect to the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘targets’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results or outcomes, may differ materially from those expressed in such statements, depending on a variety of factors, including the risk factors discussed under “Risk factors” in bp’s most recent Annual Report and Form 20-F as filed with the US Securities and Exchange Commission and in any of our more recent public reports.

Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.

SOURCE: BP p.l.c.

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