BP CEO Bernard Looney this week put some flesh on the firm’s thinking as to whether full development of the 100tcf of gas BP and partner Kosmos have found offshore Mauritania and Senegal will ever come to fruition.
Reserves discovered to date are sufficient to fuel three 10mn t/y LNG hub developments, BP says. But the major’s radical strategy shift, which involves a move away from big-ticket upstream projects (MEES, 18 September), has cast doubt on whether development of these reserves (at least under BP’s stewardship) will ever move beyond currently-underway 2.5mn t/y Phase-1 development of the Tortue field on the Mauritania/Senegal maritime border (MEES, 7 August). (CONTINUED - 551 WORDS)
