HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 29.Sep.2025, Words: 170) — bp reached a final investment decision (FID) on the Tiber-Guadalupe project in the US Gulf of America.
The decision marks approval of bp’s second new production platform in less than 2 years in the critical US offshore region. The FID further underscores the significance of the US Gulf to bp’s global strategy, the UK-based company announced on 29 Sep. 2025 in an official statement.
Other highlights include:
— 1 of the 8-10 major projects expected to start up globally between 2028-2030,
— represents bp’s commitment to grow the upstream, invest in the Gulf of America and grow value for bp,
— Tiber platform to have production capacity of 80,000 barrels per day of oil,
— 100% bp-owned project fully accommodated within bp’s disciplined financial framework; leverages simplified, standardized and cost-efficient design,
— project further unlocks around 10 billion barrels of discovered resources in place across bp’s Gulf of America Paleogene assets,
— “Our decision to move forward on the Tiber-Guadalupe project is a testament to our commitment to continue investing in the Gulf of America and expand our energy production from one of the premier basins in the world,” said Andy Krieger, bp’s senior vice president, Gulf of America and Canada.
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By Isaac Silvestre reporting from Houston. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
