BP Approves Ginger Gas Project in Trinidad, Expected 2027

BP has officially approved the Ginger gas development project off the southeast coast of Trinidad and Tobago, set to start production in 2027 with a peak output of 62,000 barrels of oil equivalent per day. This move is part of BP's broader strategy to invest $10 billion annually in upstream oil and gas projects, with Ginger being one of ten major initiatives planned to launch by 2027. The project will utilize existing infrastructure, connecting to the Mahogany B platform, and aims to maximize production from current acreage. Additionally, BP announced a gas discovery at the Frangipani well, indicating further potential for expansion in the region. BpTT's president highlighted that these developments reflect the company's commitment to meeting both local and global gas demands. The Trinidad and Tobago government expressed support for BP's continued investment in the country's energy sector, emphasizing the importance of maximizing revenue from natural resources.