Target 25,000 feet: BP plans expensive gulf wellBP aims to be first company to drill ultra-deep well on continental shelf Petroleum News Houston Staff
BP Exploration & Production could become the first to drill an offshore wildcat into an untested and extremely deep geological target situated some 25,000 feet beneath the Gulf of Mexico’s continental shelf.
Joint venture partner Newfield Exploration, a Houston-based exploration and production inde....
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Costs could exceed $30 million per well
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