BP has approved the Thunder Horse Expansion Phase 2 project in the deepwater Gulf of Mexico, which should add 50,000 boepd. BP has approved the Thunder Horse Expansion Phase 2 project in the deepwater Gulf of Mexico, the company announced Monday. At its peak, the project is expected to add about 50,000 gross barrels of oil equivalent per day (boepd), with first oil expected in 2021. BP’s Thunder Horse expansion will add two new subsea production units with two new production wells. Plans include six additional wells to be drilled in the future as part of the overall development. The Thunder Horse expansion signifies the most recent major investment in the U.S. offshore region and follows other expansion projects at the platform in recent years. “This latest expansion at Thunder Horse is another example of how the Gulf of Mexico is leading the way in advantaged oil growth for […]