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BP increases investment in the U.S. oil and gas sector

 Last Update: 2023-02-01
 Source: Internet
 Author: User

Tags

american high production company

gulf oil corporation

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Recently, BP announced that it will increase its investment
in the US oil and gas sector in 2023.

BP said it will increase U.
S.
onshore oil and gas investment from $1.
7 billion in 2022 to $2.
4 billion
in 2023.
In the Gulf of Mexico offshore project, the company plans to bring total investment to $7 billion by 2025, compared to $10 billion
in the past five years.

According to a report released by BP, the company has invested more than $135 billion in the United States since 2005, supporting nearly 250,000 American jobs
.
In 2021, BP's oil and gas production in the US averaged 296,000 barrels per day, most of which was in the Gulf of
Mexico.
BP also noted that its U.
S.
refinery has a refining capacity of 851,000 b/d, or about
40% of the company's global refining capacity.

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