BP operates GTA with a 56 percent working interest alongside Kosmos Energy (27 percent), Petrosen (10 percent), and SMH (7 percent).
The partners previously signed a sales and purchase agreement under which BP Gas Marketing will offtake 2.45 million tonnes per annum of LNG from the first phase of the GTA project for an initial term of up to 20 years.
In January, BP and its partners started flowing gas from wells at the GTA Phase 1 LNG project to its floating production storage and offloading (FPSO) vessel for the next stage of commissioning.
The FLNG, owned by Golar LNG and chartered by BP, started producing LNG in February and shipped the first cargo in April.
Golar’s FLNG vessel achieved commercial operations date (COD) in June.
Kosmos said in its second-quarter report on Monday that production volumes are now at a level equivalent to the annual contracted volumes of approximately 2.45 mtpa.
GTA production in the second quarter averaged approximately 7,100 boepd net.
During the quarter, 3.5 gross LNG cargoes were lifted, with an additional 2.5 gross LNG cargoes lifted post-quarter end, according to Kosmos.
Full year 2025 production guidance for GTA is around 20 gross LNG cargoes.
Kosmos said the partnership continues to target lower operating costs for GTA Phase 1 through startup and commissioning cost reductions, the FPSO re-financing (targeted for completion in the second half of 2025), and also through exploring alternative lower-cost operating models.
“With GTA Phase 1 fully operational, we are targeting an increase in production towards the FLNG vessel’s 2.7 mtpa nameplate capacity in the fourth quarter,” the company said.
Expansion
Kosmos also noted that the partnership is also focusing on future expansion phases of the field.
Phase 1+, a low-cost brownfield expansion, is expected to double gas throughput by leveraging the existing infrastructure in place, the company noted.
“With the subsurface in Phase 1 performing well, we expect future expansion phases to further reduce operating costs/boe,” Kosmos said.
