We've
long since lost any expectation of a sane response – we're on a
suicidal rush to extinction
BP
says new Gulf of Mexico project starts production
Oil
major BP (BP.L) said oil had started pumping from a new project in
deepwater in the Gulf of Mexico, its first new development to come
onstream since the Macondo disaster in 2010 caused the largest
offshore spill in U.S. history.
12
June, 2012
BP
said on Tuesday the Galapagos development started initial production
earlier in June, with oil flowing to a nearby platform 140 miles
south east of New Orleans in water depths of 6,500 feet.
The
Galapagos project was named by BP as one of a handful of major
projects which will help demonstrate its return to work in the Gulf
of Mexico, where it is the largest producer of oil and gas in a
region which is key to its future, despite the oil spill at its
deepwater Macondo well two years ago.
Last
October, U.S. regulators granted BP its first permit to drill a new
well since the April 2010 disaster, which spewed more than 4 million
barrels of crude into the basin and killed 11 people.
"The
Galapagos development marks another significant step forward for BP
in the Gulf of Mexico, and reflects the potential we continue to see
in this world-class basin," James Dupree, Regional President of
BP's U.S. Gulf of Mexico business said in a statement.
A
spokesman for BP added that production at Galapagos would ramp up
over the next four to six weeks, with a target of 26,000 barrels per
day of production net to BP in the longer term.
BP,
whose shares traded down 0.5 percent at 1430 GMT, owns a 56 percent
stake in the three-block area where the Galapagos project is based
and its partners are U.S. firms Noble Energy (NBL.N), Red Willow
Offshore and Houston Energy.
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