cells Posted September 2, 2009 Share Posted September 2, 2009 http://news.sky.com/skynews/Home/Business/...s_Deepest_Wells can only be good news. Quote Link to comment Share on other sites More sharing options...
Guest theboltonfury Posted September 2, 2009 Share Posted September 2, 2009 http://news.sky.com/skynews/Home/Business/...s_Deepest_Wellscan only be good news. Looks to be. Give it a few minutes and some posters will be along to tell me why this is actually a non event, or horribly bad. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 2, 2009 Share Posted September 2, 2009 I didn't realise they had lost it. Quote Link to comment Share on other sites More sharing options...
Guest X-QUORK Posted September 2, 2009 Share Posted September 2, 2009 This is a horribly bad non-event. Quote Link to comment Share on other sites More sharing options...
the primitive Posted September 2, 2009 Share Posted September 2, 2009 http://news.sky.com/skynews/Home/Business/...s_Deepest_Wellscan only be good news. Environmentalists would say it is bad - delays yet further the inevitable shift to other forms of energy. If peak oil is after i;m dead though, I will be OK Jack Quote Link to comment Share on other sites More sharing options...
cells Posted September 2, 2009 Author Share Posted September 2, 2009 (edited) it's made a giant oil discovery, at its Tiber Prospect in the deepwater Gulf of Mexico. The well, located in Keathley Canyon block 102, approximately 250 miles south east of Houston, was drilled to a total depth of approximately 35,055 feet, making it one of the deepest wells ever drilled by the oil and gas industry, the company said. holy crap, 35,000 feet hole......... necessity is the mother of invention as they say Edited September 2, 2009 by cells Quote Link to comment Share on other sites More sharing options...
Guest theboltonfury Posted September 2, 2009 Share Posted September 2, 2009 This is a horribly bad non-event. I thought so! Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted September 2, 2009 Share Posted September 2, 2009 holy crap, 35,000 feet hole.........necessity is the mother of invention as they say It is where that giant asteroid hit and wiped out the dinosaurs... wonder what else has been lying down there undisturbed for 65 million years... are they sure it is oil that they are extracting... someone call Sculder & Mully. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted September 2, 2009 Share Posted September 2, 2009 It is where that giant asteroid hit and wiped out the dinosaurs... wonder what else has been lying down there undisturbed for 65 million years... are they sure it is oil that they are extracting... someone call Sculder & Mully. Great more cheap energy to keep the ponzi dream alive. Quote Link to comment Share on other sites More sharing options...
cells Posted September 2, 2009 Author Share Posted September 2, 2009 It is where that giant asteroid hit and wiped out the dinosaurs... wonder what else has been lying down there undisturbed for 65 million years... are they sure it is oil that they are extracting... someone call Sculder & Mully. Dig a few more feet and they can extract molten hot earth and use that energy. These new record-breaking depths may help the geothermal industry in the future. Quote Link to comment Share on other sites More sharing options...
yellerkat Posted September 2, 2009 Share Posted September 2, 2009 Looks to be. Give it a few minutes and some posters will be along to tell me why this is actually a non event, or horribly bad. Cooee! FT Alphaville comments. Quote Link to comment Share on other sites More sharing options...
R K Posted September 2, 2009 Share Posted September 2, 2009 BP announced today a giant oil discovery at its Tiber Prospect in the deepwater Gulf of Mexico.The well, located in Keathley Canyon block 102, approximately 250 miles (400 kilometres) south east of Houston, is in 4,132 feet (1,259 metres) of water. The Tiber well was drilled to a total depth of approximately 35,055 feet (10,685 metres) making it one of the deepest wells ever drilled by the oil and gas industry. The well found oil in multiple Lower Tertiary reservoirs. Appraisal will be required to determine the size and commerciality of the discovery. "Tiber represents BP's second material discovery in the emerging Lower Tertiary play in the Gulf of Mexico, following our earlier Kaskida discovery," said Andy Inglis, chief executive, Exploration and Production. "These material discoveries together with our industry leading acreage position support the continuing growth of our deepwater Gulf of Mexico business into the second half of the next decade." Tiber is operated by BP (NYSE: BP), with a 62 per cent working interest with co-owners Petrobras (NYSE: PBR/PBRA, 20 per cent) and ConocoPhillips (NYSE: COP, 18 per cent). http://www.bp.com/genericarticle.do?catego...ntentId=7055818 What is oil doing 10 kilometres down? Quote Link to comment Share on other sites More sharing options...
piece of paper Posted September 2, 2009 Share Posted September 2, 2009 holy crap, 35,000 feet hole.........necessity is the mother of invention as they say Next stop, boring in Kent to get the Arabian gulf oil from underneath. p-o-p Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted September 2, 2009 Share Posted September 2, 2009 This is not good for house prices. Peak oil has cast a shadow over the UK/US ponzi scheme of ever increasing debt. This will only add fuel to the ponzi fire (pun intended). Watch all indices head for the moon...... Quote Link to comment Share on other sites More sharing options...
Tonkers Posted September 2, 2009 Share Posted September 2, 2009 Quote Link to comment Share on other sites More sharing options...
RichB Posted September 2, 2009 Share Posted September 2, 2009 http://www.bp.com/genericarticle.do?catego...ntentId=7055818What is oil doing 10 kilometres down? Abiotic generation? Quote Link to comment Share on other sites More sharing options...
Guest theboltonfury Posted September 2, 2009 Share Posted September 2, 2009 Cooee! FT Alphaville comments. Didn't take them long to pounce did it. Quote Link to comment Share on other sites More sharing options...
cells Posted September 2, 2009 Author Share Posted September 2, 2009 http://www.bp.com/genericarticle.do?catego...ntentId=7055818What is oil doing 10 kilometres down? God put it there to piss off the “oh my god run for the hills humanity is about to fall apart for we will have no olies….†Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted September 2, 2009 Share Posted September 2, 2009 What is oil doing 10 kilometres down? Good question. Quote Link to comment Share on other sites More sharing options...
CokeSnortingTory Posted September 2, 2009 Share Posted September 2, 2009 Hopefully this will keep the stockmarkets cooking for a couple more weeks while I withdraw my investments. Quote Link to comment Share on other sites More sharing options...
cells Posted September 2, 2009 Author Share Posted September 2, 2009 Next stop, boring in Kent to get the Arabian gulf oil from underneath.p-o-p Hhahha Very good Quote Link to comment Share on other sites More sharing options...
Monkey Posted September 2, 2009 Share Posted September 2, 2009 Next stop, boring in Kent to get the Arabian gulf oil from underneath.p-o-p i have posted this once, so i'll post it again, cos i like it Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted September 2, 2009 Share Posted September 2, 2009 Great news, as I was thinking of filling the car! How many weeks before it comes on stream? Quote Link to comment Share on other sites More sharing options...
loginandtonic Posted September 2, 2009 Share Posted September 2, 2009 posters on alphaville dont seem to think its feasible, but one has to ask why did they drill there if extraction is too costly? they must be assuming the price of oil is to soar? Quote Link to comment Share on other sites More sharing options...
yellerkat Posted September 2, 2009 Share Posted September 2, 2009 http://www.bp.com/genericarticle.do?catego...ntentId=7055818What is oil doing 10 kilometres down? Gravity? Quote Link to comment Share on other sites More sharing options...
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