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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Bearcatbob

3/29/2013 5:44:05 PM

3 Recommendations of 206159

Wealth Risk and Creation (bolding by me so that our lefty friends can be sure to notice!)

Oil Giants Invest Heavily in Exploration Near Shetlands
By STANLEY REED Published: March 28, 2013
nytimes.com

LONDON — BP and three other oil giants said Thursday that they would begin a new round of drilling in a remote area about 75 kilometers west of the Shetland Islands, an archipelago north of Scotland.

The partners plan to drill at least five new wells over two years at a cost of about $100 million each on a project they are calling Greater Clair. Depending on the results, another seven wells could be added, pushing the cost of what they are calling an “appraisal program” to more than $1 billion.

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