By Adam Clark

 

BP PLC (BP.LN) said Friday it has sanctioned two new gas developments in offshore Trinidad, including the construction of its sixteenth offshore platform in the area.

The company said the new Cassia C platform will compress gas from the Greater Cassia Area, producing first gas in the third quarter of 2021.

Meanwhile, the new Matapal three-well project will develop gas resources discovered by BP in 2017 with its Savannah exploration well. Matapal will have a production capacity of 400 million cubic feet of gas a day, with first gas expected in 2022.

 

Write to Adam Clark at adam.clark@dowjones.com

 

(END) Dow Jones Newswires

December 14, 2018 12:44 ET (17:44 GMT)

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