BP Amoco Discovers Major Natural Gas Field

BP Amoco announced the discovery of a major natural gas field offshore Trinidad and Tobago. The initial well was drilled by Global Marine's jackup, Adriatic VII on the Red Mango field. It is estimated that the field contains approximately three trillion cubic feet of natural gas and 630 million barrels of oil equivalent. This is the largest discovery made offshore Trinidad and Tobago. Appraisal work to define the size of the find should begin in fourth quarter of 2000 or early 2001.

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Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
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