Wednesday, December 05, 2012

"...Potential of Several Hundred Million Barrels..."

 I repeat - look for oil, find oil...shocker!  In remote hinterlands far far away I might add...not!
Total announces a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. The discovery well encountered several hundred feet of net oil pay in Lower Tertiary sands which included several high-quality intervals.

Total estimates this discovery can have a potential of several hundred million barrels of oil. Further appraisal will be needed to confirm its size and commerciality.
"We can't drill our way out of our problems."
A) Why not?
B) Let's Try.

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