British Petroleum (BP) is advancing a $5 billion offshore drilling project in the Gulf of Mexico, which is expected to have a production capacity of 80,000 barrels per day.

According to the Zhikung Financial APP, British Petroleum (BP) is advancing a $5 billion offshore drilling project in the Gulf of Mexico. The company has made a final investment decision on the Tiber-Guadalupe project, approving its second new production platform, with a daily crude oil production capacity of up to 80,000 barrels. The project includes six oil wells in the Tiber field and two connecting wells extending from the Guadalupe field.