BP Announces Oil Discovery At Tiber Prospect In Gulf Of Mexico
02 September 2009 - 7:38PM
Dow Jones News
BP PLC (BP.LN) said Wednesday it discovered oil at its Tiber
Prospect in the deepwater Gulf of Mexico.
MAIN FACTS:
-The well, located in Keathley Canyon block 102, 250 miles (400
kilometres) south east of Houston, is in 4,132 feet (1,259 meters)
of water.
-The Tiber well was drilled to a total depth of 35,055 feet
(10,685 meters) 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 is operated by BP (BP.NYSE), with a 62% working interest
with co-owners 20% Petrobras (PBR/PBRA.NYSE) and 18% ConocoPhillips
(COP.NYSE).
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com