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THE Offshore Drilling Thread (merged)

General discussions of the systemic, societal and civilisational effects of depletion.

‘Major’ Deep Offshore Oil Discovery Made in US Gulf of Mexic

Unread postby AdamB » Wed 31 Jan 2018, 18:24:50


Chevron Corporation announced Wednesday that a ‘major’ oil discovery has been made at the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico. The Ballymore well reached a total measured depth of 29,194 feet and encountered more than 670 feet of net oil pay with ‘excellent’ reservoir and fluid characteristics, Chevron said in a statement on its website. A sidetrack well is currently being drilled to further assess the discovery, which is already deemed commercially viable. “The Gulf of Mexico deepwater is an integral part of our company’s long-term strategy,” Jeff Shellebarger, president of Chevron North America Exploration and Production, said in a company statement. “This discovery is an important addition to our portfolio, especially with its combination of size, quality and proximity to existing infrastructure,” he added. Located approximately three miles from Chevron’s Blind Faith platform, the Ballymore prospect is situated in water depth


‘Major’ Deep Offshore Oil Discovery Made in US Gulf of Mexico
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: THE Offshore Drilling Thread (merged)

Unread postby Plantagenet » Wed 31 Jan 2018, 18:33:44

Mexico completes big sale of deep water offshore drilling leases. Shell was the big winner.

shell-sweeps-nine-of-19-blocks-awarded-in-mexico-oil-auction

The end of the Mexican state oil monopoly is complete---Mexico is now selling off some of the crown jewels in its oil prospect portfolio.

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Yo! Big Oil Companies! You can drill here now!

Cheers!
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Re: THE Offshore Drilling Thread (merged)

Unread postby Tanada » Wed 31 Jan 2018, 23:35:27

Plantagenet wrote:Mexico completes big sale of deep water offshore drilling leases. Shell was the big winner.

shell-sweeps-nine-of-19-blocks-awarded-in-mexico-oil-auction

The end of the Mexican state oil monopoly is complete---Mexico is now selling off some of the crown jewels in its oil prospect portfolio.

Image
Yo! Big Oil Companies! You can drill here now!

Cheers!


I think selling the leases and gaining the income from their exploitation will be far more beneficial to Mexico than continuing their prior path of strictly national oil company production.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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