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BP makes massive oil find in deep Gulf of Mexico
The Times-Picayune ^ | September 02, 2009 | Jen DeGregorio

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 ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events; US: Louisiana
KEYWORDS: bp; gulfoil; gulfoilrig; louisiana; oil; tiberprospect
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This is one reason I don't see Mary Landrieu voting for cap and trade, it could cost her her job if she did.
1 posted on 09/03/2009 1:26:39 PM PDT by BBell
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To: BBell

Again I say, “PEAK OIL! PEAK OIL! PEAK... oh wait....”


2 posted on 09/03/2009 1:30:29 PM PDT by vpintheak (4-times an extremist)
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To: BBell

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.


3 posted on 09/03/2009 1:33:19 PM PDT by VeniVidiVici (Democrat - The new Party of National Socialism. Pelosi and Kosmas - founding members.)
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To: BBell
...potentially producing half as much crude in a day as Alaska's famous North Slope oil field.

Come on, folks.

Everybody knows we're running out of oil. /sarc
4 posted on 09/03/2009 1:35:35 PM PDT by RedMonqey ( Fear the government, pray for the country)
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To: BBell

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.


5 posted on 09/03/2009 1:37:38 PM PDT by AxelPaulsenJr (Please God Save The United States From Barack Hussein Al-Obama. Amen.)
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To: rrstar96

ping


6 posted on 09/03/2009 1:44:00 PM PDT by BBell
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To: BBell

pong


7 posted on 09/03/2009 1:44:50 PM PDT by norraad ("What light!">Blues Brothers)
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To: BBell

“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


8 posted on 09/03/2009 1:47:00 PM PDT by lgjhn23
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To: VeniVidiVici
The thought of Cuba, with the help of the ChiComs, drilling for oil 45 or so miles off the coast of Florida just makes my blood boil. And then they will sell this oil they extract, oil we are capable of drilling for but not allowed to drill for. It makes me sooooooo mad!!
9 posted on 09/03/2009 1:49:54 PM PDT by BBell
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To: lgjhn23
You sound like my neighbor in regard to Landrieu. Lets hope they don't bring in cheap foreign labor for this.
10 posted on 09/03/2009 1:55:01 PM PDT by BBell
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To: BBell

Drill, baby drill!


11 posted on 09/03/2009 2:03:09 PM PDT by kevinm13 (Tim Geithner is a tax cheat. Manmade "Global Warming" is a HOAX!)
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To: BBell
Well, it make sense from the ObamadrainAmerica2Helpeveryone else point of view.
12 posted on 09/03/2009 2:04:38 PM PDT by norraad ("What light!">Blues Brothers)
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To: BBell

Excellent!


13 posted on 09/03/2009 2:07:48 PM PDT by SuziQ
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To: BBell

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.


14 posted on 09/03/2009 3:06:45 PM PDT by ScottinVA (I remember Jack Kennedy... Jack Kennedy was a President of mine.. and Teddy, you're no Jack Kennedy!)
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To: ScottinVA

gas baby gas
drill baby drill
nuke baby nuke


15 posted on 09/03/2009 4:28:02 PM PDT by ak267
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To: ak267
"gas baby gas"

Absolutely stultifying......

16 posted on 09/03/2009 4:31:14 PM PDT by stboz
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To: SunkenCiv; Godzilla; decimon; muawiyah; sonofstrangelove
Did the rig explosion and current oil spill happen in the Tiber Prospect which discovery was reported in 2009? Here's a freeper thread from that time.

Anyone happen to know?

17 posted on 06/17/2010 4:35:46 AM PDT by hennie pennie
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To: hennie pennie; AdmSmith; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...

Thanks hennie pennie.


18 posted on 06/17/2010 6:15:16 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: hennie pennie
Nope two different locations......

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.


19 posted on 06/17/2010 6:38:16 PM PDT by deport
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To: hennie pennie
You really want to see what the Gulf of Mexico looks like from a drilling standpoint. The following link will give you a prespective of just how huge it is in terms of leases, etc.

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.

CLICK PDF 16.63 MB

20 posted on 06/17/2010 6:44:46 PM PDT by deport
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