New Oil discovery -- sure would be nice if we could drill
From South Florida's
radio station WIOD:
ExxonMobil Reports Huge Oil Discovery In Gulf
ExxonMobil is touting a new oil discovery in the Gulf, 250 miles southwest of New Orleans, as "one of the largest...in the Gulf of Mexico in the last decade."
The company announced two major oil discoveries and a natural gas discovery in deep water after drilling its first post-moratorium deepwater exploration well. The oil giant says a new well in 7,000 feet of water reportedly has the potential to deliver more than 700 million barrels of oil.
Lafourche Parish President Charlotte Randolph termed the report, "probably the best news our local local oil and gas industries have received since the moratorium was lifted."
Drilling at the site has been serviced out of Port Fourchon as ExxonMobil uses several Louisiana companies including Edison Chouest to support the exploration activity.
The secretary of the Louisiana Department of Natural Resources, Scott Angelle called it "a great day for the Gulf of Mexico offshore energy industry and a great day for America."
The discoveries were made in the Keathley Canyon blocks where a number of wells are located.
As the cries of Peak Oil fade off into the distance...
Posted by DaveH at June 9, 2011 5:25 PM