bp and Partners Progress Towards Next Phase of Evaluation for Greater Tortue Ahmeyim (GTA) Phase 2 Expansion Project

BP and its partners, including PETROSEN, Société Mauritanienne des Hydrocarbures (SMH), and Kosmos Energy, have announced the development concept for the second phase of the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project in Mauritania. The proposed expansion project, known as GTA2, will evaluate a gravity-based structure (GBS) with a total capacity of between 2.5-3.0 million tonnes per annum. GBS LNG developments have a static connection to the seabed, providing LNG storage and a foundation for liquefaction facilities.

The concept design will include new wells and subsea equipment, integrating with and expanding on the existing GTA infrastructure. The partnership will also consider powering LNG liquefaction using electricity to help drive operational emissions lower. The partners are now working with contractors to progress the concept towards the pre-FEED stage.

GTA is located 120km offshore in water depth of 2850m, making it one of the deepest subsea developments in Africa. Phase 1 of the project is currently under development and will export gas to an FPSO approximately 40km offshore, where the gas will be processed and liquids separated before being exported to floating LNG facilities 10km offshore. When operations commence, Phase 1 is expected to produce around 2.3 million tonnes of LNG per year.

In July 2021, the GTA project was granted the status of 'National Project of Strategic Importance' by the Presidents of Mauritania and Senegal, demonstrating the commitment of the host governments and the significance of the project to both countries. BP and the two governments already have a long-standing and wide-ranging cooperation encompassing the GTA project and other potential energy developments.

BP continues to work with partners on the development of a major gas-to-power project in Senegal, Yakaar Teranga. Additionally, BP recently signed a memorandum of understanding (MoU) with the Government of Mauritania to deliver a programme exploring the potential for large-scale production of green hydrogen in the country.

As with all forward-looking statements, cautionary statements must be considered. The actual results may differ materially from those expressed in such statements, depending on a variety of factors, including the risk factors discussed under "Risk factors" in BP's most recent Annual Report and Form 20-F as filed with the US Securities and Exchange Commission and in any of our more recent public reports.