Wednesday, September 7, 2011

BP may have a huge find in the Gulf...

BP says it may have landed a giant deepwater oil find in the Gulf of Mexico in a previously untested part of its Mad Dog field. Total hydrocarbons could top 4B barrels of oil equivalent, according to initial reports. BP owns a 60.5% stake in Mad Dog, and minority owners include BHP Billiton (BHP) at 23.9% and Chevron (CVX) with 15.6%.

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