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Louisiana Makes Major Headlines as BP Strikes Gold in the Gulf

Posted by Infinity Energy on Jan 9, 2019 6:41:57 PM

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On Tuesday, January 8, 2019, BP came forth with major news. Using new and advanced seismic monitoring technology, they have discovered over 1 billion barrels of oil in the Gulf off the tip of Louisiana at Thunder Horse field. The news didn't stop there. BP claims they will also invest $1.3 billion dollars into the Atlantis offshore field just south of New Orleans. 

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Already the Gulf of Mexico's largest producer, they refuse to let go of that title by continually investing in next-generation technology. Data that would previously take close to a year to process can now be done in a matter of weeks, dramatically increasing the capabilities of their exploration and production teams.

 Read the full article from CNBC here.

Or check out other oilfield predictions for 2019.


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Topics: Oil and Gas Industry News, Technology

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