BP to Tighten Taps at Thunder Horse

BP will begin shutting down around 50% of wells feeding into the Thunder Horse oil and gas platform at a cost of $500 million due to lost production and direct construction costs, the Financial Times reported. It is expected the shutdown will last around 60 days while BP implements a permanent repair system to minimize delays on the project. Situated in a water depth of 6,050 feet (1,844 meters), the Thunder Horse oil and gas field is located on Mississippi Canyon Blocks 776, 777 and 778, about 150 miles (241 kilometers) southeast of New Orleans, La. Thunder Horse is operated by BP, which holds a 75% interest; ExxonMobil holds the remaining 25% interest in the field.

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