After years of delay and design problems, BP has put the fruits of it's labors on the market. BP expects to have crude oil ready for pipeline insertion, beginning September. with prices comparable to Eugene Island's light sour, according to Tuesday reports from U.S. cash crude traders. Production at the Thunder Horse field in the Gulf of Mexico began in June, and by the end of July it was producing more than 40,000 barrels daily.
Thunder-horse is both a platform name and an oilfield name, the platform was damaged in the 2005 hurricane season, due to design errors in the platforms ballast system.
More here.
Friday, August 15, 2008
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