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BP - Huge Oil Find in the Gulf of Mexico
ruralart
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9-5-2009 5:10 PM
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tags:
oil
,
energy
,
bp
,
iraq
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b52b4831-1261-4b71-b40d-bf55118e3f43/50AEBA0B-9AD3-4CBF-91EF-8CDDABB1AF5C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.msnbc.msn.com/id/32659680/ns/business-oil_and_energy/" href="http://www.msnbc.msn.com/id/32659680/ns/business-oil_and_energy/" style="font-size: 11px;">www.msnbc.msn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32659680/ns/business-oil_and_energy/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.msnbc.msn.com/img/A1C73483-BCD2-4C97-BB2E-C29C46F99720" alt="Image: oil platform" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32659680/ns/business-oil_and_energy/"><DIV class="caption">An ultra-deepwater, semi-submersible rig operates in the Gulf of Mexico. BP announced Sept. 2 that it has discovered a "giant" crude deposit in the gulf.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32659680/ns/business-oil_and_energy/"><P class="textBodyBlack"><SPAN id="byLine"></SPAN>The London company's two-decade commitment to the gulf has helped resurrect a region that was being dismissed as "the Dead Sea" in the 1990s, after companies hit a series of dry holes. "With respect to the Gulf of Mexico, BP has done very, very well," says Richard Gordon, president of Gordon Energy Solutions, an Overland Park (Kan.) oil and gas consultancy. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32659680/ns/business-oil_and_energy/">Finds like Thunder Horse, Tiber, and Kaskida fit BP's high-risk, high-return strategy to a T. "We don't do simple things," Inglis says. "We are prepared to work at the frontier and manage the risks."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.msnbc.msn.com/id/32659680/ns/business-oil_and_energy/">Then there's BP's lonely decision a few weeks ago to become the first big oil company to return to Iraq while ExxonMobil and Royal Dutch Shell balked at the Iraqis' tough terms. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/50AEBA0B-9AD3-4CBF-91EF-8CDDABB1AF5C/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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