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 new seismic imaging technique mentioned in the text?

Describe the purpose of full waveform inversion in the context of oil and gas exploration.

What is the significance of the Atlantis phase Three project mentioned in the text?

How much has the company expanded its production in the Gulf of Mexico?

What is the projected increase in oil production from 300,000 barrels to how many barrels per day?