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.
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.