BP is to go ahead with the USD $9 billion Mad Dog Phase 2 project in the deepwater Gulf of Mexico just over 300 km south of New Orleans.
The Mad Dog field was discovered by BP in 1998, with production beginning in 2005. Further appraisal drilling from 2009 – 2011 showed that the field contains an estimated 4 billion boe (barrel of oil equivalent). Currently, the Mad Dog field produces 80,000 bbl/d of oil and 60m ft3/d of gas.
Mad Dog Phase 2 will include a second floating production platform around 9.5 km southwest of the existing platform in 1,400 m deep waters, and is expected to produce 140,000 bbl/d of crude from 14 wells. Production is expected to begin in late 2021.