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BP PLC - London-based oil major - Starts oil production at its Argos offshore platform, which has a gross production capacity of up to 140,000 barrels of oil per day. Argos is BP’s fifth platform in the Gulf of Mexico, and the first new BP-operated production facility in the region. Expects to ramp up production from Argos through 2023. Chief Executive Officer Bernard Looney says: ‘The start-up of Argos is a fantastic achievement that helps deliver our integrated energy strategy investing in today’s energy system and, at the same time, investing in the energy transition. As bp’s most digital facility worldwide, applying our latest technologies, Argos will strengthen our key position in the Gulf of Mexico for years to come.’ Current stock price: 536.80 pence each, down 0.5% on Thursday afternoon in London 12-month change: up 35% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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