What BP's New Oil Strike Means - BusinessWeek
It may be one of the biggest oil finds of the year, if not the decade. In recent weeks, executives at BP's exploration centers in Houston and London have been closely tracking the progress of a very deep well that BP contractors were drilling into the seabed of the western Gulf of Mexico. In late August the exploratory well, known as Tiber, was completed. Now word is trickling out that BP (BP) has scored one of the largest discoveries yet in the gulf. BP's chief of exploration, Michael Daly, terms the Tiber find "a very significant discovery" and says it is even "better" than the Kaskida field, another huge BP property in the Gulf of Mexico, with an estimated 4 billion to 6 billion barrels of oil in place.
No comments:
Post a Comment