BP unveils huge find in Gulf of MexicoNews // September 3, 2009
BP has announced details of what it described as a "huge" find in the Gulf of Mexico.
The well, located in Keathley Canyon block 102, approximately 250 miles (400km) south east of Houston, is in 4,132ft (1,259m) of water. The Tiber well was drilled to a total depth of approximately 35,055ft (10,685m) making it one of the deepest wells ever drilled by the oil and gas industry. The well found oil in multiple Lower Tertiary reservoirs. 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 Gulf of Mexico, following our earlier Kaskida discovery," said Andy Inglis, chief executive, Exploration and Production. "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 per cent working interest with co-owners Petrobras (20 per cent) and ConocoPhillips (18 per cent).