BP And Texaco Announce New Deepwater Gulf of Mexico Oil Discovery.Business Editors HOUSTON--(BUSINESS WIRE)--June 20, 2001 BP and Texaco today announced an oil discovery in approximately 7,000 feet of water in the Mississippi Canyon area of the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . The discovery well was drilled by BP (77.5%) on behalf of itself and partner Texaco (22.5%) on a prospect called Blind Faith. The well was drilled to a total depth exceeding 25,000 feet from the water line. Blind Faith was the first well drilled by the dynamically positioned semi submersible submersible, small, mobile undersea research vessel capable of functioning in the ocean depths. Development of a great variety of submersibles during the later 1950s and 1960s came about as a result of improved technology and in response to a demonstrated need for drilling rig Ocean Confidence, owned by Diamond Offshore Drilling Diamond Offshore Drilling, Inc. is a deepwater drilling contractor which provides drilling services to the energy industry. The company's headquarters are located in Houston, Texas, but they have offices in Louisiana, Africa, Australia, Brazil, Indonesia, Scotland, Singapore, and Company. The discovery was made on Mississippi Canyon Block 696, approximately 175 miles Southeast of New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded . The reservoir covers parts of two blocks, MC 696 and 695, some 20 miles East of BP's Crazy Horse discovery, the largest field ever discovered in the Gulf of Mexico. |
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