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December 7, 2021

Atlantis Phase 3 Conventional Oil Field, US

By Carmen

Atlantis Phase 3 is a producing conventional oil field located in ultra-deepwater in the US and is operated by BP Exploration & Production. The field is located in block Green Canyon 699, Green Canyon 744, Green Canyon 743, and Green Canyon 742, with water depth of 6,834 feet.

Field participation details

The field is owned by BP and BHP.


Production from Atlantis Phase 3

The Atlantis Phase 3 conventional oil field recovered 2.73% of its total recoverable reserves, with peak production expected in 2023. The peak production will approximately 32.94 thousand bpd of crude oil and condensate and 23 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2071.


Remaining recoverable reserves

The field is expected to recover 197.19 Mmboe, comprised of 176.77 Mmbbl of crude oil & condensate and 122.56 bcf of natural gas reserves. Atlantis Phase 3 conventional oil field reserves accounts 0.04% of total remaining reserves of producing conventional oil fields globally.


About BP Exploration & Production

BP Exploration & Production Inc is a company engaged in oil and gas exploration & production.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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