BP Makes Giant Deepwater Discovery with Tiber
BP has made a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico.
The well, located in Keathley Canyon block 102, approximately 250 miles (400 kilometers) southeast of Houston, is in 4,132 feet (1,259 meters) of water. The Tiber well, drilled by Transocean's Deepwater Horizon semisub, was drilled to a total depth of approximately 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 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 percent working interest with co-owners Petrobras (20 percent) and ConocoPhillips (18 percent).
Operates 33 Offshore Rigs
- Aker BP Buys Hess' Norway Unit For $2B (Oct 24)
- BP Chairman Svanberg to Retire; Search Starts for Successor (Oct 19)
- BP Midstream Partners Seeks To Raise Up To $893MM In IPO (Oct 16)
Company: Petrobras more info
Operates 35 Offshore Rigs
Manages 13 Offshore Rigs
- Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO (Nov 15)
- Ex-SBM Executives Plead Guilty In US To Petrobras Bribe Charges (Nov 09)
- CEO: Brazil's Petrobras Could Bid On More Blocks In Pre-Salt Auction (Oct 24)
Company: ConocoPhillips more info
Operates 12 Offshore Rigs
- ConocoPhillips Vows Financial Discipline As Aims To Boost Output (Nov 08)
- ConocoPhillips' Profit Beats Estimates, But Budget Cut 10% (Oct 26)
- Most US Gulf Oil Output Offline Ahead of Tropical Storm Nate (Oct 06)
Company: Transocean Ltd. more info
Manages 46 Offshore Rigs
- Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount (Oct 18)
- Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B (Aug 15)
- Borr Drilling Signs Deal With Transocean to Buy 15 Rigs (Mar 20)