BP Sanctions Tiber Development Offshore U.S.

September 30, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Boasting a potential production capacity of 80,000 barrels per day (BBL/d) of oil, British energy major BP (London) said Monday it sanctioned the Tiber prospect in southern U.S. waters. BP said it reached a final investment decision on its Tiber-Guadalupe project in the Gulf of Mexico. Coming online by 2030, it marks the second new production center for BP in U.S. waters in less than two years.