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BP ANNOUNCES GULF OF MEXICO DISCOVERY.
(Full text of a statement. Contact details below.)
HOUSTON, Aug 31 /PRNewswire-AsiaNet/ - BP America Inc., announced today an oil discovery on an exploration well which tested the Kaskida prospect in the Gulf of Mexico. The well, located on Keathley Canyon block 292, is in about 5,860 feet of water, and is about 250 miles southwest of New Orleans. Kaskida was drilled to a total depth of approximately 32,500 feet in the lower tertiary, and encountered 800 net feet of hydrocarbon-bearing sands.
(Logo:www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO)
"Appraisal will be required to determine the size and commerciality of the discovery," said David Rainey, Vice President Gulf of Mexico Exploration. "We expect to return to Kaskida later this year to commence appraisal activity".
The well is operated by BP Exploration & Production Inc., a wholly owned subsidiary of BP America Inc., with a 55 per cent working interest, and includes ...
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Source: HighBeam Research, BP ANNOUNCES GULF OF MEXICO DISCOVERY.