Deepwater Horizon Rig Disaster Threatens Drilling
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BP Plc last September tapped into a new oilfield called Tiber, estimated to hold at least 3 billion barrels of crude, or six months’ worth of U.S. consumption.
Discovered through seismic imaging and data crunched on a supercomputer, the field is almost six miles (9.6 kilometers) beneath the Gulf of Mexico’s floor, in a spot where the water is almost one mile deep, reports Bloomberg BusinessWeek in its May 10 issue.