BP Encounters Oil in the Far South Prospect, Gulf of America

BP plc (BP) , the British oil and gas major, announced that it has made a new oil discovery in the Gulf of America. The new oil discovery was made at the Far South prospect, where an exploration well was drilled at a total depth of 23,830 feet. The Far South field in the Gulf of America is situated in the western Green Canyon, approximately 193.12 kilometers off Louisiana’s coast. The water depth at the site is approximately 4,092 feet.The Far South well is jointly owned by BP, which holds a 57.5% stake, an ...