Posted on 09/03/2009 1:26:38 PM PDT by BBell
BP said Wednesday that it has drilled the world's deepest oil well in the Gulf of Mexico and found a giant pool of crude, a discovery that promises to make an indelible mark on the south Louisiana economy.
The Tiber Prospect is expected to rank among the largest petroleum discoveries in the United States, potentially producing half as much crude in a day as Alaska's famous North Slope oil field.
Louisiana energy circles were abuzz with news of the discovery Wednesday.
"Any incremental business in the Gulf of Mexico is going to be a net positive for us one way or the other, " said Todd Hornbeck, chief executive of Hornbeck Offshore Services of Covington, which is the nation's second-largest provider of deepwater offshore supply vessels.
Hornbeck said the company received a big boost after BP made another major discovery in the late 1990s in the Thunder Horse oilfield. Located about 150 miles southeast of New Orleans, the Thunder Horse platform is the biggest producer in the Gulf, pumping 250,000 barrels of oil and 200 million cubic feet of natural gas per day.
A big job producer
Developing Thunder Horse required billions of dollars and countless workers, many of them flown in or carried by boat from Louisiana to install equipment or provide other services, Hornbeck said.
Shipyards, refiners and manufacturers and retailers of an array of industrial equipment also saw an uptick in business because of Thunder Horse, said Don Briggs, president of the Louisiana Oil and Gas Association.
"The support industry for a project as big as this is huge, " Briggs said of Tiber, which could be even bigger than Thunder Horse.
Ted Falgout, director of the Greater Lafourche Port Commission, predicted that Port Fourchon would also get busier in the years ahead as BP works to bring Tiber
(Excerpt) Read more at nola.com ...
Again I say, “PEAK OIL! PEAK OIL! PEAK... oh wait....”
Nice that the Democrats are allowing China, Cuba and Russia to drill in our backyard. With finds like this continuing we wouldn’t need to import oil.
I wouldn’t get too excited yet. Hussein will no doubt put the find off limits. Gotta help his oil buddies in the middle east.
ping
pong
“This is one reason I don’t see Mary Landrieu voting for cap and trade, it could cost her her job if she did....”
Don’t count on it...she tows the party line pretty well and marches to the orders of the “anointed one” However, this is a nice find and an asset to take with us when we secede....lol
Drill, baby drill!
Excellent!
0bama will give it over on a permanent lease to the Chinese, since they’ll already be busy in the Gulf of Mexico drilling for the Cubans.
gas baby gas
drill baby drill
nuke baby nuke
Absolutely stultifying......
Anyone happen to know?
Thanks hennie pennie.
The oil spill is located in the block entitled "MC" [Mississippi Canyon] which is just above the word LOWER.
The Tiber was in the Keathley Canyon which is more west or about due south of the Texas/Louisiana border.
Click the link below, give it a few seconds to load as it is big at some 16MB and then expand it to something like 75 - 100% so it is legible to read. Then scan around and see what the oil/gas industry has out there in terms of opportunity.
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