Another Huge Development for the Oil and Gas Industry in Louisiana

Photo source: The Oil and Gas Year

Photo source: The Oil and Gas Year

Despite the various attempts by our own Governor “Honor Code” to cripple the oil and gas industry here in Louisiana, BP has made the following announcement concerning their Atlantis Field off the coast:

 The company made the announcement Tuesday morning regarding its $1.3 billion development in the Atlantis Field, which is about 130 miles south of the Louisiana coast. The approval comes after recent BP made breakthroughs in advanced seismic imaging and reservoir characterization that revealed an additional 400 million barrels of oil in place at the Atlantis field.

Read more:  BP announces $1.3 billion development in offshore drilling off Louisiana coast

Posted on January 8, 2019 and filed under John Bel Edwards, Oil and Gas, Louisiana.