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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (123126)	8/9/2009 5:26:30 PM
From: Snowshoe	1 Recommendation Read Replies (1) \| Respond to of 206085

>>I recall in the early/mid 80's when Sohio (I think) drilled a single well in the Beaufort Sea...dry hole...cost, one billion $<< That would the infamous 1983 Mukluk project, run by Sohio and Diamond Shamrock. The biggest dry hole in history, described here by Daniel Yergin in his book The Prize... books.google.com

To: Big Dog who wrote (123126)	6/29/2012 6:52:45 PM
From: Snowshoe	Respond to of 206085

I wonder who takes the hit in this? ... BP shelves Liberty: Firm won’t pursue North Slope project ‘in its current form,’ cites rig woes petroleumnews.com A monster rig was to bore the wells from a satellite drilling island at BP’s offshore Endicott field, which is connected by causeway to the mainland. ***** Parker Drilling Co. of Houston, Texas, fabricated the rig at Vancouver, Wash., at a cost of hundreds of millions of dollars. Patience said the review found the rig needs “substantial modifications,” including changes to the mud system, the hydraulics and walking system, and the pipe handling, heating and utility systems. The rig also needs a new drilling support module. ***** No decision has been made about what to do with the rig, she said, noting several companies had a hand in its construction. “We expect that the issues with the rig will be worked out privately and confidentially between all the relevant parties,” Patience said.