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BP Launches Oil Project In U.S. Gulf Of Mexico

BP has started up an oil project in the U.S. Gulf of Mexico, its fourth of five major projects globally this year, which will generate cash flow to fund low-carbon energy developments at the supermajor.   BP announced on Wednesday that it had safely started up the Manuel project, which includes a new subsea production system for two new wells tied into the Na Kika platform 140 miles off the coast of New Orleans.

BP and Shell each hold a 50-percent working interest in the Manuel development. The wells at the Manuel project are expected to boost…

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