'Huge oil find' in Gulf of Mexico


	'Huge oil find' in Gulf of Mexico

invictus

9-5-2006 11:42 PM

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tags:

oil, chevron, gulf of mexico

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					'Huge oil find' in Gulf of Mexico
				</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://news.bbc.co.uk/1/hi/world/americas/5318776.stm"><FONT size="2">
<TABLE width="203" cellspacing="0" cellpadding="0" border="0" align="right"><TBODY><TR><TD><DIV>
				<IMG width="203" vspace="0" hspace="0" height="152" border="0" src="http://newsimg.bbc.co.uk/media/images/42054000/jpg/_42054102_chevron203getty.jpg" alt="Chevron%20oil%20installation" />
				<DIV class="cap">Chevron said the oil field may be a "significant discovery"</DIV>
			</DIV>
			</TD></TR></TBODY></TABLE><B>Three companies led by US-based Chevron say they have found an oil field under the Gulf of Mexico that could boost US reserves by more than 50%.</B>
</FONT></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://news.bbc.co.uk/1/hi/world/americas/5318776.stm"><FONT size="2">Drilling at a test well yielded "a flow rate of more than 6,000 barrels of crude oil per day", Chevron said.
</FONT></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://news.bbc.co.uk/1/hi/world/americas/5318776.stm"><FONT size="2">The discovery may rival the biggest US oil field in Prudhoe Bay, Alaska.
</FONT></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://news.bbc.co.uk/1/hi/world/americas/5318776.stm"><FONT size="2">Experts caution that the true size of the oil field is not yet known and it will be a long time before any of the oil there enters the market.
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