Source Pravda.Ru

BP Underestimated Atlantis Discovery

BP disclosed updated reserves figures for its Atlantis discovery in the Southern Green Canyon region of the Gulf of Mexico. Based on data from additional appraisal drilling in the field, Atlantis is now believed to have reserves 575 million barrels of oil equivalent (boe), making it the third largest field discovered in the Gulf. BP's Thunder Horse field is the Gulf's largest oil and gas find. The company's initial estimates of Atlantis reserves were closer to three hundred million barrels. "The updated reserve numbers reinforce the significance of our Atlantis discovery. It is a world-class find and another outstanding field in BP's deepwater inventory. The Gulf of Mexico Deepwater continues to grow as one of the most important growth basins in the world," said Dick Olver, BP Managing Director and Chief Executive, Exploration and Production. The company also announced today that it had approved additional financial expenditures that will allow the company to move forward with Atlantis field development engineering and the procurement of long lead-time items. Atlantis is expected to use a moored semi-submersible production facility. The field will also have a separate dedicated semi-submersible drilling unit. BP's share of Atlantis development costs will exceed one billion dollars with production scheduled to begin in 2005. BHP Billiton has a 44 percent ownership stake in Atlantis. The new well data was obtained through an appraisal well drilled by the Glomar Explorer in the fall of 2001. It was the second appraisal well drilled at Atlantis. In 2000, partner BHP Billiton commissioned the C.R. Luigs to drill an appraisal well in the field. BP drilled the Atlantis discovery well in 1998, using the semi-submersible rig Ocean America. Atlantis is located approximately 125 miles south of New Orleans in the vicinity of Green Canyon Block 743 in approximately 6,500 feet of water. The Atlantis field covers six blocks. Atlantis is one of three BP operated properties under development in the Southern Green Canyon Region. Holstein, sanctioned in May 2001, and Mad Dog, sanctioned in December 2001, are also in development. Together, the three fields account for more than 1 billion barrels (gross) Visit to

&to=http://www.bp.kz/index.asp' target=_blank>BP

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

In recent years, genetics has become a cutting-edge science, not only in the professional field of biology, but also because of the enormous social reach of its discoveries and approaches. Not in vain, practically every day the press offers us the discovery of a new gene, a new hereditary determinant directly involved in the manifestation of diseases or physical characteristics.

The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
Comments
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Russia leaves Syria, but USA stays, to spend some more
Turkey's Erdogan urges others to recognise Jerusalem as capital of Palestine
US military men depressed over of Russia's new T-5000 sniper rifle
Donbass without militia will be worse than Srebrenica - Putin
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin makes first comment on Trump's Jerusalem decision
North Korea declares victory over USA
Tel Aviv, Jerusalem, capitals and puppets
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Donbass without militia will be worse than Srebrenica - Putin
USA no longer wants Bashar Assad to go
Putin to Sobchak: We will never let them turn Russia into another Ukraine
North Korea declares victory over USA
Visit to Moscow: Tillerson takes secret offer for Putin
Turkish President Erdogan issues ultimatum to Washington and Brussels