BP has announced that it will invest up to USD 2.2 billion to double production from its acreage in the Wamsutter gas field in the Rockies region of the USA. The multi-year drilling program is expected to increase BP’s share of ultimate recovery from the field by 450 million barrels of oil equivalent and increase BP daily net production from 125 to 250 million standard cubic feet per day by the end of the decade. The USD 2.2 billion outlay includes the drilling of 2,000 wells over the next 15 years and a two-year, USD 120 million technology field trial program which could lead to additional field development in the future. The Wamsutter project is part of a projected 10-year USD 15 billion investment program BP plans for its North American onshore operations. BP is also seeking permits for construction of new LNG receiving terminals in Texas and New Jersey and is working to develop a viable pipeline project to deliver Alaska natural gas to the North American market.
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