NEWS BITTS – Big oil find in the Gulf

British Petroleum recently announced that it had made a “giant” oil discovery in the deepwater Gulf of Mexico, about 200 miles offshore. BP said the find could hold as much as three billion barrels. The well is located in Keathley Canyon Block 102. The oil was found over 35,000′ down. Officials say it is the deepest well ever drilled. It could be years, however, before workboat companies realize any significant new work from the discovery.

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