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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: maceng2 who wrote (73670)5/24/2010 6:12:42 PM
From: average joe  Read Replies (1) of 74559
 
"The Macondo prospect is located on Mississippi Canyon Block 252 in the Gulf of Mexico in a water depth of 4,993 feet (1,522 meters). BP serves as the operator, holding a 65% interest in the prospect; Anadarko holds 25%; and MOEX 2007 holds the remaining 10%."

subseaiq.com

anadarko.com

moeco.co.jp

"The Deepwater Horizon was a floating oil drilling platform — a fifth-generation, ultra-deepwater, dynamically positioned, column-stabilized, semi-submersible Mobile Offshore Drilling Unit (MODU). The platform was 396 feet (121 m) long and 256 feet (78 m) wide and could operate in waters up to 8,000 feet (2,400 m) deep, to a maximum drill depth of 30,000 feet (9,100 m). The $560 million platform was built by Hyundai Heavy Industries in South Korea and completed in 2001. Though bearing the Marshall Islands flag, the platform was owned by Switzerland based Transocean Ltd., and was leased to BP until September 2013. At the time of the explosion, the platform was on Mississippi Canyon Block 252, referred to as the Macondo Prospect, in the United States sector of the Gulf of Mexico, about 41 miles (66 km) off the Louisiana coast. The platform commenced drilling in February 2010 at a water depth of approximately 5,000 feet (1,500 m). The well was planned to be drilled to 18,000 feet (5,500 m), and was to be plugged and abandoned for subsequent completion as a subsea producer."
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