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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (54368)9/2/2009 9:35:24 AM
From: elmatador  Read Replies (1) | Respond to of 217648
 
British Petroleum today announced a huge oil discovery in the Gulf of Mexico, enormous. Seven billion barrels. Ah, those Brits are clever.

The well is operated by BP in partnership with co-owners Petrobras (PBR) and ConocoPhillips (COP, Fortune 500).

Let me see what PBR says about this discovery. will be back



To: carranza2 who wrote (54368)9/2/2009 9:44:37 AM
From: elmatador  Read Replies (1) | Respond to of 217648
 
PBR holds 20%. Probably entered with the technology of ultra deep exploration.

BP...isn't shy about shelling out for Gulf of Mexico assets, proclaims in a section of its website that it's "Number One in the Gulf of Mexico" and has been purchasing deepwater leases since the 1980s.
fool.com



To: carranza2 who wrote (54368)9/2/2009 5:30:14 PM
From: KyrosL  Read Replies (1) | Respond to of 217648
 
These huge deep water GOM oil finds are becoming interesting. They echo Brazil's deep water discoveries: drill deep enough and thou shalt find. Added to the huge NG finds on mainland US, they will probably postpone peak oil Armageddon, at least in the US, for a generation or two -- or perhaps forever.


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