BP expects Juniper platform to produce around 90% nameplate capacity
Tuesday, October 31 2017 @ 06:45 PM AST
Contributed by: AleemKhan
Gilvary said: "In August, Juniper, BP's first subsea field development in Trinidad, came online. It is the largest new project to start-up in Trinidad for several years and is expected to produce around 95,000 barrels of oil equivalent per day."
BP also told investors it got a higher price for natural gas in Q3 2017 versus Q3 2016, but lower versus Q2 2017.
BP also forecasts the price of oil will increase to near US$60 per barrel by the end of this year.
The purpose of the call was to release Q3 earnings which grew by 100% year-on-year and 173% quarter on quarter to US$1.9 billion (underlying replacement cost profit).