Hmmm, where could we find oil? Anyone have any Ideas?

BP announces `giant' oil discovery in Gulf of Mexico; size not yet determined

On Wednesday September 2, 2009, 5:44 am EDT
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Companies: ConocoPhillips
LONDON (AP) -- BP PLC said Wednesday that it had made a "giant" oil discovery in the Gulf of Mexico but had not yet determined the size and commercial potential of the find.

The well, in Keathley Canyon block 102 about 250 miles (400 kms) southeast of Houston, is in 4,132 feet (1,259 meters) of water, the company said.

The Tiber well was drilled to a total depth of 35,055 feet (10,685 meters), making it one of the deepest wells ever drilled by the oil and gas industry, BP said.

BP has a 62 percent interest in Tiber, while Petrobras holds 20 percent and ConocoPhillips has 18 percent.

BP shares were up 1.9 percent at 529.5 pence on the London Stock Exchange.

 

+1

 

Well, they say it might not be developed before 2020 but I think we all know a place where we could have oil pumping way before then that's in the US.

 

We'll probably let China drill there.

 

Yeah the way things are going, we'll probably let France and Afghanistan drill and develop ANWR as an apology move!