Commodities
World’s Deepest Offshore Oil Well Planned for Colombia This Year
- Offshore drilling seeing ‘remarkable renaissance’: ISI’s West
- Komodo-1 well to be drilled in 13,000-foot seas in Caribbean
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The oil industry is pushing the limits of offshore exploration with plans to drill a record-setting deepwater well in Colombia within months.
Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia’s Caribbean waters in search of natural gas and oil. The plan is to drill the Komodo-1 well before the year is out in seas roughly 3,900 meters (close to 13,000 feet) deep. That’s equal to about 10 Empire State Buildings stacked on top of each other and would shatter the current water-depth record holder in Angola.