
Investing in American energy security
We ranked second for offshore production in the region in 2024, and we’re building capacity to produce more than 400,000 barrels of oil equivalent per day total by 2030, with major projects already underway.
We continue to invest and explore around our five operated hubs: Atlantis, Mad Dog, Na Kika, Thunder Horse and Argos. We’re also starting up expansion projects for our Argos and Atlantis projects throughout the next three years.
bp’s next chapter in the Gulf of America
Beyond existing assets, we’re investing in two additional Gulf of America hubs. We announced final investment decisions on the Kaskida project in July 2024 and the Tiber-Guadalupe project, which will become the Tiber platform, in September 2025. Together, they will begin unlocking around 10 billion barrels of discovered resources in the Paleogene—an oil rich geological area. bp expects to invest around $10 billion to deliver its Gulf of America Paleogene projects.

Kaskida is about 250 miles southwest of New Orleans and is expected to have a production capacity of 80,000 barrels of oil per day, with an anticipated start-up in 2029.
The Tiber platform will use more than 85% of Kaskida’s design and is expected to start production in 2030, adding an additional 80,000 barrels of oil per day production capacity. We plan to drill an appraisal well in 2026 that could underpin future phases of Kaskida.
Learn more about our next chapterOur Gulf of America people and stories
Prioritizing safety
It's no secret that working in the Gulf of America is challenging. That’s why bp prioritizes safety, in the Gulf of America and across the company’s global operations. This means the company is working diligently to make sure the company’s employees and contractors return home safely.
About bp's storm response activities
bp is committed to safe and reliable operations in the deepwater Gulf of America, where it operates large production facilities and drilling rigs, is one of the industry’s largest leaseholders and is a leading producer of oil and natural gas. During the Atlantic hurricane season (June 1-Nov. 30) bp will be closely monitoring tropical storm activity and hurricanes that could impact our operations in the deepwater Gulf of America.
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