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LONDON, Sept 7 BP said a well at its Mad
Dog field in the Gulf of Mexico found oil, significantly
increasing the area's potential resources.
The appraisal well in a previously untested segment of the
field found 50 metres of hydrocarbons and an oil column of 91
metres, the oil firm said in a statement on Wednesday.
If confirmed by further drilling, this could mean Mad Dog
has around four billion barrels of oil equivalent in place, it
"With these additional hydrocarbon resources north of the
main field, Mad Dog has been firmly established as a giant field
in BP's Gulf of Mexico portfolio, rivalling Thunder Horse in
size of resource," said Bob Dudley, BP's Chief Executive.
On Tuesday, Chevron announced a discovery with BP in the
Gulf of Mexico at the Moccasin prospect, the site of the first
exploratory well permit after the end of a deepwater moratorium
that followed last year's Macondo spill. .
BP owns 60.5 percent in Mad Dog, with BHP Billiton
holding 23.9 percent and Chevron 15.6 percent.
(Reporting by Rosalba O'Brien; Editing by Paul Sandle)