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BP Starts New Gulf of Mexico Project

OIL

BP said today it started oil production at Argos, its first platform launch in the US Gulf of Mexico since 2008.

  • Argos is expected to reach its 140,000 boed capacity later this year.
  • The new platform integrates the $9 billion Mad Dog 2 oil project and is part of BP's plan to reach 400,000 boed in the United States by mid-decade.

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