Strategic Partnership: bp Leads Efforts as GTA Phase 1 LNG Development Nears Completion

Strategic Partnership: bp Leads Efforts as GTA Phase 1 LNG Development Nears Completion

(IN BRIEF) The successful arrival of the FPSO vessel marks a significant milestone for the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, situated offshore Mauritania and Senegal. The vessel, an integral part of the project, has been securely moored at its designated location, 40km offshore in waters 120m deep. Operated by bp, on behalf of project partners including Kosmos Energy, PETROSEN, and SMH, the FPSO will play a pivotal role in extracting gas from deepwater reservoirs, facilitating production through a subsea system. Dave Campbell, bp’s senior vice president for Mauritania and Senegal, highlighted the project’s importance in advancing energy infrastructure, stating, “GTA Phase 1 represents this investment in action.” With expectations to produce approximately 2.3 million tonnes of LNG annually for over two decades, this development is the inaugural gas project in the region, with the deepest subsea infrastructure on the continent. Recognized as a National Project of Strategic Importance by the Presidents of Mauritania and Senegal, the FPSO, boasting dimensions equivalent to two football fields and processing over 500 million standard cubic feet of gas per day, signifies a substantial leap forward in the region’s energy landscape.

(PRESS RELEASE) LONDON, 5-June-2024 — /EuropaWire/ — In a significant milestone for the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, the arrival of the Floating Production Storage and Offloading (FPSO) vessel offshore Mauritania and Senegal marks a crucial step towards the project’s realization.

The FPSO, a cornerstone of the GTA Phase 1 LNG project, has safely reached its designated location off the coast, signaling progress in the endeavor to commence gas production. Operated by bp in collaboration with project partners Kosmos Energy, PETROSEN, and SMH, the vessel is currently undergoing mooring procedures approximately 40km offshore, situated in a water depth of 120m.

After its construction at the COSCO Qidong Shipyard in China, the FPSO has traversed over 12,000 nautical miles to reach the GTA site, underscoring the extensive logistical efforts behind its deployment.

Dave Campbell, bp’s Senior Vice President for Mauritania and Senegal, emphasized the project’s significance, stating, “GTA Phase 1 represents this investment in action,” highlighting bp’s commitment to advancing both current and future energy systems.

The GTA Phase 1 development, forecasted to produce approximately 2.3 million tonnes of LNG annually over a span exceeding two decades, heralds the first gas development within the offshore basin shared by Mauritania and Senegal. With infrastructural components situated in water depths reaching up to 2,850m, it stands as the deepest subsea infrastructure in Africa. Recognizing its strategic importance, the project has been granted National Project of Strategic Importance status by the Presidents of Mauritania and Senegal.

The FPSO, with a capacity to accommodate up to 140 personnel during operational phases, boasts impressive dimensions, spanning an area equivalent to two football fields and rising ten stories high. Comprising over 81,000 tonnes of steel, 37,000m of pipe spools, and 1.52 million meters of cable, the vessel is engineered to withstand the demands of offshore gas processing.

Operating at a processing capacity exceeding 500 million standard cubic feet of gas per day, the FPSO will undertake crucial gas treatment processes, including the removal of water, condensate, and impurities. The processed gas will then be transferred via pipeline to the Floating Liquefied Natural Gas (FLNG) vessel stationed approximately 10km offshore. At the FLNG facility, the gas will undergo liquefaction before being stored and subsequently exported via LNG carriers, with a portion allocated to meet the burgeoning energy demands of both Mauritania and Senegal.

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.‎

Media Contact:

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

SOURCE: Lightsource bp

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