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The platform is located in the Perdido fold belt which is a rich discovery of crude oil and natural gas. The Perdido spar began production in 2010 and its peak production is 100,000 barrels of oil equivalent (c. 16 000 m 3 /d ) and 200 million cubic feet of gas per day (c. 5.7 × 10 6 m 3 /d ).
Price of a barrel of oil (West Texas Intermediate – Cushing, Oklahoma) is $84.34. [37] April 25 – Oil sheen seen covering 580 square miles (1,500 km 2) and is 70 miles (110 km) south of Mississippi and Alabama coastlines and was 31 miles (50 km) from the ecologically sensitive Chandeleur Islands. BP begins process to establish two relief wells.
The platform was 396 feet (121 m) long and 256 feet (78 m) wide and could operate in waters up to 8,000 feet (2,400 m) deep, to a maximum drill depth of 30,000 feet (9,100 m). [5] Press releases from Transocean state the platform had historically been used for deeper wells, including the deepest underwater gas and oil well. [6]
Still reeling from the devastation caused by the explosion of BP's Deepwater Horizon rig, the U.S. got another scare Thursday as the Coast Guard responded to another rig explosion in the Gulf of ...
Analysts project the cost to replace the oil rig will be in the $600 million to $700 million range. The Deepwater Horizon rig was one of the most advanced of its kind.
The recent fire at a Mariner Energy (ME) oil production platform off Louisiana sent shock waves through Gulf Coast residents and others still dealing with the aftermath of April's deadly explosion ...
June 6; Both the Coast Guard and BP say the cap is capturing 10,000 barrels (420,000 US gallons; 1,600,000 litres) a day. [18]The New York Times reports in an article headlined "BP Pays Out Claims, but Satisfaction Is Not Included" that BP has 25 claims offices across the Gulf and has paid $46 million to 17,500 residents.
The platform remains out of operation, with about 421,000 barrels per day of oil lost and 125 wells offline, he said. Five killed in Mexico's oil platform fire, hammering Mexico output Skip to ...