USD 65.6196

-0.64

EUR 72.8312

-0.67

BRENT 60.02

+0.07

AI-92 42.28

+0.02

AI-95 46.05

+0.01

AI-98 51.75

+0.02

Diesel 45.99

+0.03

13

BP America Found oil in Gulf of Mexico

BP America Inc., announced an oil discovery on an exploration well which tested the Kaskida prospect in the Gulf of Mexico

BP America Inc., announced 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, according to BP. 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, adds the company.

"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% working interest, and includes co-owners Anadarko Petroleum Corporation with a 25% working interest, and Devon Energy Corporation with a 20% working interest.
#bp