How BP’s Deepwater Horizon oil find was originally reported in September 2009
30 May 2010 Below are a few media reports from September 2009 discussing the BP Gulf of Mexico Tiber Oil Field find when it originally hit the newswires. This was the deepest oil and gas well in human history, going to a depth of 35,000 feet. Exploratory drilling began in March 2009. Deepwater Horizon did not commence until September 2009. Only the second story from Bloomberg hints at the "volatility" related to the find and the need for "caution."
This was a giant field and the third biggest find in the US after Prudhoe Bay, also a BP find and the older Spraberry Trend in West Texas. Ostensibly, quelling oil "volatility" ie reaping profits from oil price spikes is the impetus behind these kinds of risky projects. But, this field could not have been found or developed without the advent of deepwater drilling. BP used the Deepwater Horizon rig that was also used just months later for the deepwater drilling in nearby Macondo Prospect in Mississippi Canyon where tragedy struck.
BP Press Release: Continued
No comments:
Post a Comment