Last month BP announced it has made a significant oil discovery at its Gila prospect, which it co-owns with ConocoPhillips, in the deepwater Gulf of Mexico. This is BP’s third discovery in recent years in the emerging Paleogene trend in the Gulf.
BP has previously announced two other Paleogene discoveries in the Gulf of Mexico – Kaskida in 2006 and Tiber in 2009.
The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles southwest of New Orleans, in approximately 4,900 feet of water.
This month BP added two new drilling rigs to the deepwater Gulf of Mexico, bringing its fleet to a total of nine rigs, a company record.