Stanford PhD Student Helped Discover 200MM Barrels of Resources
A PhD student from Stanford was integral in BP’s discovery of more than 200 million barrels of additional resources at the Atlantis field in the deepwater Gulf of Mexico, BP’s upstream chief executive Bernard Looney has revealed.
Speaking in a keynote presentation at the annual BHGE meeting held in Italy, which was attended by Rigzone, Looney said the Stanford student wrote the algorithm which BP ran through a high-performance computer to track down the resources.
“[It] took 2 weeks to run that algorithm, and in 1999 it would have taken 1,000 years to run that same algorithm,” Looney told oil and gas delegates in his speech.
BP announced the discovery of additional resources at the Atlantis field in April 2017. Atlantis operates in more than 7,000 feet of water and is located approximately 150 miles south of New Orleans. The Atlantis platform is BP’s deepest moored floating platform in the Gulf, according to the company’s website.
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