65 Stations in Connecticut Converting to BP Brand

 

In central Connecticut 65 gasoline stations owned by Green Valley Oil, a private company in Rhode Island, are being converted to the BP brand, the Hartford Courant reported.

 

The move marks one of the largest conversions of its kind in the state.

 

All but 11 of the stations being switched over are reported to be Getty stations and most include a convenience store. With the acquisition, BP will be branching into the Harford market, where about 20 of the stations are located.

 

The conversion is expected to be completed by the end of this year and is part of a switch of 246 Green Valley locations in Connecticut, Massachusetts, Rhode Island and New Hampshire.

 

Nationwide, BP has 12,000 BP and ARCO stations.

 

Also in BP news, the company announced this week a giant oil discovery at its Tiber Prospect in the deepwater U.S. Gulf of Mexico.

 

The well, located in Keathley Canyon block 102, about 250 miles southeast of Houston, is in 4,132 feet of water. The Tiber well was drilled to a total depth of about 35,055 making it one of the deepest wells ever drilled by the oil and gas industry. The well found oil in multiple Lower Tertiary reservoirs and an appraisal will be required to determine the size and commerciality of the discovery.

 

“Tiber represents BP’s second material discovery in the emerging Lower Tertiary play in the US Gulf of Mexico, following our earlier Kaskida discovery,” said Andy Inglis, chief executive, Exploration and Production in a press release. “These material discoveries together with our industry leading acreage position support the continuing growth of our deepwater Gulf of Mexico business into the second half of the next decade.”

 

Tiber is operated by BP with a 62% working interest with co-owners Petrobras (20%) and ConocoPhillips (18%).

 

 

 

 

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