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BP PLC - London-based oil and gas producer - Confirms delivery of first gas at the Cypre offshore development, under its Trinidad & Tobago arm, bpTT. The oil major expects production at Cypre to make a ‘significant contribution’ towards the 250,000 barrels of oil equivalent per day combined peak net production expected from the 10 ‘major’ projects BP anticipates to start up between 2025 and 2027. Cypre is bpTT’s third subsea development and is projected to deliver around 45,000 boed. Its first development phase completed at the end of 2024, with the second phase due to begin in the second half of 2025. BP notes that Cypre is its second major start-up of 2025, following the start of production from the second development phase of the Raven field, offshore Egypt. Current stock price: 422.90 pence, down 2.4% in London on Thursday 12-month change: down 17% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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