BP’s deepwater Kaskida project is scheduled to start crude production in 2029. BP’s return to large-scale Gulf of Mexico development has been gradual since the April 2010 eruption of the Macondo well that killed 11 workers and destroyed Transocean Ltd’s Deepwater Horizon floating rig. Although the British oil major was cleared to resume bidding on federal offshore drilling leases in early 2014, Kaskida represents BP’s first full-blown new project development in the region in almost 16 years. “Kaskida is a world-class project that reflects decades of technological innovation by BP and the offshore oil and gas industry,” a company spokesperson wrote in an email. The Deepwater Horizon, which still rests at the bottom of the Gulf, was under lease by BP at the time of the Macondo disaster.

Source: The Edge Markets March 14, 2026 03:54 UTC