BP finds a billion barrels of oil in the Gulf of Mexico

The video discusses the Thunder Horse oil field in the Gulf of Mexico and introduces a new seismic imaging technique called full waveform inversion, which uses advanced algorithms to create detailed models of the Earth's subsurface. It also covers BP's approval of the Atlantis phase three project, a $1.3 billion initiative to build a new subsea production system. BP aims to increase its production in the Gulf of Mexico by more than 60%, targeting a growth from 300,000 to 400,000 barrels of oil equivalent per day over the next decade.

What is the purpose of the full waveform inversion technique?

• To reduce the cost of oil production

• To increase the speed of oil extraction

• To improve the safety of oil rigs

• To create better models of the Earth's subsurface

What is the estimated cost of the Atlantis phase three project?

• $3 billion

• $500 million

• $2 billion

• $1.3 billion

Where is the new subsea production system for the Atlantis project located?

• 200 miles south of New Orleans

• 150 miles south of New Orleans

• 100 miles south of New Orleans

• 50 miles south of New Orleans

By what percentage has BP expanded its production in the Gulf of Mexico?

• 60%

• 70%

• 50%

• 30%

What is BP's production target for the next decade in terms of barrels of oil equivalent per day?

• 400,000 barrels

• 350,000 barrels

• 450,000 barrels

• 300,000 barrels