Posted on 06/08/2011 2:04:55 PM PDT by thackney
Exxon Mobil Corp. has made one of the largest oil and gas finds in the Gulf of Mexico in a decade, the company announced today.
The oil major said it made two oil discoveries and a natural gas discovery in its Keathley Canyon blocks, including an oil discovery in the company’s first exploration well since last year’s moratorium on deep-water drilling.
Exxon expects the combined finds to yield more than 700 million barrels of oil equivalent. More than 85 percent would be oil, the company said.
Drilling early in 2010 turned up oil and natural gas at the well 250 miles southwest of New Orleans in the Hadrian North field. Work was suspended during the federal drilling ban, but the well is in about 7,000 feet of water and will be drilled deeper, the company said.
“This is one of the largest discoveries in the Gulf of Mexico in the last decade,” said Steve Greenlee, president of Exxon Mobil Exploration Company. “We plan to work with our joint venture partners and other lessees in the area to determine the best way to safely develop these resources as rapidly as possible.”
Exxon operates the well in a joint venture with Eni and Petrobras, each of which hold a 25 percent interest.
The well had been blocked by the federal moratorium on deep-water drilling imposed after BP’s Macondo blowout last year. The ban was lifted in October. Exxon won a permit to proceed with the project in March.
RACISM!
>Exxon expects the combined finds to yield more than 700 million barrels of oil equivalent.<
.
Too bad it’ll have to stay in the ground.
SHUT IT DOWN! NOW! - Obama
Oh great!! More drilling permits to not issue. The Obama admin hates you “Big Oil” guys. You cut into the whole Muslim/Commie cartel that helps fund . . . .things.
and will liberal heads explore at efforts to tap into this major new oil field???????
It always gets me that liberals are against obvious actions to help our energy situation.
They are against new oil drilling.
They are against natural gas drilling.
They are against coal mining.
They are against hydroelectric power.
They are against nuclear power, even though nuclear produces none of the dreaded greenhouse gases.
They are against even the newer clean coal technology for power plants. Coal is a fossil fuel which in their minds must be eliminated.
The only things they favor, such as windmills, solar, etc. will only chip away a bit but not solve our problem with too much imported oil. And even with major development of solar or geothermal or any of those, we still will be largely dependent on fossil fuels for decades to come.
Liberals do not understand, or choose to ignore, that there are trade-offs with any policies we have. We could eliminate much of the greenhouse gas problem by going big time into nuclear, but liberals won’t weight cost/benefits; they just want certain forms of energy banned.
We could drastically cut back oil imports from overseas by developing our own resources, but liberals won’t hear of that.
They decry spoiling the arctic environment in Alaska, at a national park which hardly any Americans will ever visit, because it is in such a remote location and very difficult to get transportation to get there. But that doesn’t matter, we have to save the polar bears. We can’t even weigh saving the polar bears vs. our energy needs.
I wonder what liberals would do if the power goes out, and they can’t use computers, cable TV, charge up cell phones and IPods and IPads and all the other gadgets they use. They take for granted that power is available to use their gadgets, without ever thinking how that power is generated.
Brazil is a part owner of this field already.
ExxonMobil is the operator of KC918, KC919, KC963 and KC964 with 50 percent working interest. Eni Petroleum US LLC and Petrobras America Inc. each hold a 25 percent working interest in KC919, KC963 and KC964. Petrobras America Inc. holds a 50 percent working interest in KC918.
http://rigzone.com/news/article.asp?a_id=107836
Notice that Petrobras (AKA Soros) is a 25% partner. I think this find will be fast tracked for approval.
I think you are wrong there. Leftards hate solar (toxic metals in production) and wind (the towers are ugly and give people headaches). Notice how they have killed most major solar and wind farm projects. They hate anything that makes energy.
For them it is all about control.
Not long ago I read there was much drilling going on in Refugio, Texas and south of it. Later I read that getting the permits was the problem.
Have not read more so I wonder - can they drill but not be allowed to pump?
Bingo.
Bunch of lefties filed suit to stop opening windmill farms. Hurts the birds that are stupid enough to fly into the painfully slow moving blades, doncha know.
So windmills are out now too.
GET WITH THE PROGRAM, PROGRAM! :)
Great post as usual!!
i work on a production platform about 40 miles from that location- Noble Energy has found a oil and gas find thats even bigger, according to the meetiing we had in New Orleans bout a month ago-
i work on a production platform about 40 miles from that location- Noble Energy has found a oil and gas find thats even bigger, according to the meetiing we had in New Orleans bout a month ago-
http://www.statesman.com/news/local/exxon-wins-again-in-oil-field-sabotage-case-1129605.html
i work on a production platform about 40 miles from that location- Noble Energy has found a oil and gas find thats even bigger, according to the meetiing we had in New Orleans bout a month ago-
Had Exxon-Mobil announcedx a major GOLF find, Obama would be interested,
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