BP approves Ginger Gas Project in Trinidad and Tobago

BP said that it has approved the Ginger gas project in Trinidad and Tobago. This is one of ten projects named by Murray Auchincloss, CEO, in a recent strategy overhaul to support BP's renewed emphasis on oil and natural gas.

The company stated that Ginger will start production in 2027 and reach a maximum of 62,000 barrels equivalents per day.

Trinidad and Tobago has encouraged BP and other producers of natural gas to increase production in order to meet demand for its flagship liquefied gas facility, Atlantic LNG and its petrochemical factories.

LSEG preliminary data shows that BP owns 45% of Atlantic LNG. Last year, the company produced 8.5 million metric tonnes out of a potential 12.5 MTPA due to a low gas supply.

The Ginger project and bpTT’s Cypre Gas Project, which is scheduled to begin in 2025 are both part of bpTT’s strategy of maximising production from existing acreage, BP stated in a press release.

BP also said that it discovered gas in its Frangipani Well offshore Trinidad, which is located within the same geological structure of Ginger. The company is now looking into how to quickly advance the discovery. Reporting by Shadia Naralla in London and Curtis Williams, Houston. Editing by Louise Heavens, Ros Russell

(source: Reuters)