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Huntsville, Alabama, USA – June 26, 2011: Close up of illuminated bp sign at gas station in Huntsville, Alabama. Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. (Investing) – bp today announced an oil discovery at the Far South prospect in the deepwater U.S.
Planning approval for additional drilling is already secured, offering an opportunity to boost production through a development sidetrack from an existing well, the company said. MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed.
Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. first appeared on Egypt Oil & Gas. Preliminary data supports a potentially commercial volume of hydrocarbons. “Our Gulf of America business is central to bps strategy. The post bp Unveils New Oil Discovery at Gulf of America.
Oil Gas Leads Drilling Operations : All wells drilled by T138 were horizontal, indicating the rig’s capability in advanced directional drilling techniques. The post Permian Basin Top Rigs by Wells Drilled Since 2024 appeared first on Oil Gas Leads. The rig’s peak activity was in Q3, with 9 wells drilled during that quarter.
The discovery comes amid BP's broader pivot away from rapid renewables expansion toward reinforcing its upstream oil and gas portfolio to meet investor expectations and improve financial performance. The initial well and a sidetrack successfully encountered oil in high-quality Miocene-age reservoirs. 2 billion annually.
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