Energy major bp has announced the start of production at the Cypre gas project, offshore Trinidad and Tobago.
Situated in the East Mayaro Block, the Cypre project is expected to deliver approximately 45,000 barrels of oil per day and 250 million standard cubic feet of gas per day at peak. Currently in its first phase, the project will comprise seven wells tied back to the existing Juniper platform.
The first phase of development was completed at the end of 2024 and includes four wells. The second phase is expected to begin in the second half of 2025.
The Cypre project is one of 10 major projects by bp expected to start-up worldwide between 2025 and 2027 and serves as part of the majorâs strategy to grow its upstream portfolio. bp has announced that these projects target a combined peak net production of 250,000 barrels of oil equivalent per day by 2030.
Cypre is bp Trinidad and Tobagoâs third subsea development. The subsidiary â which is owned by bp (70%) and Spanish energy company Repsol (30%) â owns a 100% stake in the project.