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bp discovers oil at Far South prospect, deepwater U.S. Gulf

Oil & Gas 360º

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. bp expects to grow its global upstream production to 2.3 Gulf of America/Gulf of Mexico.

Oil 130
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bp Unveils New Oil Discovery at Gulf of America.

Egypt Oil & Gas

Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. Globally, bp expects to grow its upstream production between 2.32.5 first appeared on Egypt Oil & Gas. Preliminary data supports a potentially commercial volume of hydrocarbons.

Oil 52
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BP and Chevron Hit Oil in Deepwater Gulf of America

Rextag

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.

Oil 52