Newfield takes on partners to drill ‘ultra-deep’ Treasure Island prospect

Ray Tyson

Petroleum News Houston correspondent

Newfield Exploration, following a lengthy search for a partner to pick up the costs of an “ultra-deep” exploration well on its Treasure Island play in the shallow waters of the Gulf of Mexico’s continental shelf, has signed on ExxonMobil, BP, and a third party which Newfield would not disclose. “We....