Page added on October 28, 2008
(Bloomberg) — BP Plc, Europe’s second-largest oil company, started the second well at its Thunder Horse field in the Gulf of Mexico.
BP is now extracting more than 100,000 barrels day of oil and gas from the deposit after it began pumping and exporting the fuel in June from the first well at the Thunder Horse platform, the world’s largest semi-submersible drilling and production facility. The company plans to have four wells open at the site by the end of 2008. The project had been delayed for about three years.
“The reservoir is performing extremely well,” Chief Financial Officer Byron Grote told investors on a conference call today. “We’d expect the next two wells to have a very high production rates.”
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