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The well was drilled to delineate the discovery confirmed in well 6507/5-10 S (Slagugle) and to perform a formation test to gain a deeper understanding of the reservoir properties and connectivity within the hydrocarbon-bearing layers. million bbl of oil equivalent in Triassic reservoir rocks. nozzle opening.
BP Targets 400,000 boe/d in Gulf with New Discovery BP has made a new oil discovery in the deepwater Gulf of America, signaling a renewed commitment to traditional energy resources as the company continues a high-profile strategic reset. The well was drilled in 4,092 feet of water to a total depth of 23,830 feet. 2 billion annually.
We addressed the maturity of our bond debt by calling the old bond and issuing a new $100 million bond, thereby increasing available cash and putting in place a capital structure that can provide funding towards delivery on our strategic objectives, regardless of whatever uncertainties may face the business at the macro-economic level.
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