BP readies new Gulf of Mexico oil project Kaskida after Q1 output bounce

摘要

BP on May 2 talked up its oil and gas production prospects,including renewed planning for the giant Kaskida oil project in the Gulf of Mexico,as it reported a 6 increase in liquids production from its upstream oil unit in Q1 2023.Presenting first-quarter results,BP Chief Financial Officer Murray Auchincloss underscored the company’s February announcement of more modest carbon-reduction goals entailing a shallower decline in hydrocarbon production through the decade.He highlighted investments planned or underway in the US,where both shale and offshore operations contributed to a first-quarter production bounce,as well as expansion of the company’s Indian offshore gas production.