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BP Begins Promised Major Oil and Gas Project Start-ups

  • BP's Cypre development offshore Trinidad and Tobago has delivered first gas, marking the start-up of one of the company's 10 major projects announced as part of its strategy reset.
  • The Cypre project is the second major project to start up in two months, following the Raven field offshore Egypt development.
  • BP aims to increase investment in upstream oil and gas to $10 billion per year while reducing spending on clean energy.
  • The company plans for 10 new major projects to begin production by the end of 2027.

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