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Reply #14: They are 2 different fields. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Are_grits_groceries Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-12-10 07:29 PM
Response to Reply #12
14. They are 2 different fields.
BP finds oil in second Kaskida well
UK oil and gas giant BP has confirmed the presence of oil in an appraisal well on the Kaskida oil discovery in the Gulf of Mexico, increasing confidence in the company's resource estimate.

BP previously estimated that Kaskida contains 3 billion barrels of oil in place.

A company spokesman said the latest well gives BP new information on the nature of the reservoir, but declined to comment on how much of the oil BP believes is recoverable, Dow Jones reported.

The company plans further seismic surveys of the reservoir in the coming year and another test well in 2011.

BP made a similar sized oil discovery in the Tiber field in the Gulf of Mexico in September.

Both fields are in deep-water, away from existing oil infrastructure and have very deep boreholes, all of which will raise the cost of development.

"We need a large resource to justify the expense of new infrastructure," said the BP spokesman.

http://www.upstreamonline.com/live/article199184.ece

Everything is so confusing anyway. I think they are using doubletalk and jargon to cover up what is really going on.
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