bpTT announces start of production from new Cypre gas project

bp Trinidad and Tobago (bpTT) has officially announced that its Cypre development has safely achieved first gas.

Cypre is one of bp’s 10 major global projects set to come online between 2025 and 2027, forming a key part of the company’s reset strategy to expand its upstream portfolio. The collective output from these projects is expected to contribute significantly to bp’s goal of reaching 250,000 barrels of oil equivalent per day (boed) in combined peak net production.

This marks bpTT’s third subsea development, featuring seven wells connected to the existing Juniper platform. At peak production, Cypre is expected to deliver approximately 45,000 boed—or around 250 million standard cubic feet of gas per day. The first phase, involving four wells, was completed at the end of 2024, with the second phase scheduled to begin in the latter half of this year.

“Our focus is on consistent execution and safe delivery of major projects like Cypre. The second of 10 major projects across our global portfolio that we expect to start up by 2027, Cypre is also the first of a series of projects we will be bringing online in Trinidad to deliver gas to the nation and add value for bp.”

 - William Lin, EVP gas and low carbon energy 

“Our priority is the consistent execution and safe delivery of major projects like Cypre,” said William Lin, EVP of Gas and Low Carbon Energy at bp. “As the second of 10 major global projects we aim to bring online by 2027, Cypre also marks the beginning of a series of developments in Trinidad designed to supply gas to the nation and create long-term value for bp.”

bpTT President David Campbell added, “Cypre is a significant milestone in our strategy to maximize output from our shallow water assets by leveraging existing infrastructure. It not only underscores our commitment to sustaining production but also plays a vital role in meeting our current gas supply obligations. This project represents a major investment in Trinidad and Tobago’s energy sector, and we’re proud to be part of shaping its energy future in collaboration with the Government and key stakeholders.”

Cypre is bp’s second major project to start up in 2025, following the launch of the second development phase of the Raven field offshore Egypt.

The development aligns with bp’s targeted returns for upstream investments and fits within the company’s planned capital expenditure.