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BP gets U.S. approval to develop $5B Kaskida oil project in Gulf of Mexico, starting production in 2029.
BP has received U.S. Department of the Interior approval to develop the $5 billion Kaskida deepwater oil project in the Gulf of Mexico, its first major new field since the 2010 Deepwater Horizon disaster.
The project, set to begin production in 2029, aims to extract up to 10 billion barrels of oil from Paleogene fields, leveraging new technology to overcome past challenges from high pressure and complex geology.
The decision follows a year-long review and marks a key step in BP’s return to large-scale Gulf development, despite opposition from environmental groups and lawmakers over safety and environmental risks.
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BP obtiene la aprobación de los EE.UU. para desarrollar el proyecto petrolero Kaskida de $ 5B en el Golfo de México, comenzando la producción en 2029.