07 Sep '11, 12pm

Chevron makes U.S. Gulf deepwater find: Chevron Corp has made a deepwater discovery in the Gulf of Mexico at the...

RELATED ARTICLES U.S. to halt 33 exploration rigs in deepwater review May 28, 2010 06:12 AM U.S. to ease requirements on some deepwater projects January 4, 2011 07:19 AM More drilling permits for Gulf in the works March 3, 2011 06:21 AM Government reviewing applications for deepwater Gulf permits February 26, 2011 07:43 AM Chevron Corp has made a deepwater discovery in the Gulf of Mexico at the Moccasin prospect, the site of the first exploratory well permit after the end of last year's deepwater moratorium. ADVERTISEMENT Chevron, the second-largest U.S. oil company, holds a 43.75 percent working interest in the prospect, while BP Plc has another 43.75 percent and privately held Samson Offshore owns the rest. Earlier on Tuesday, Barclays Capital declared it was "game on" for the deepwater Gulf of Mexico in general, with 20 floating rigs at work there, up from four a year a...

Full article: http://www.enn.com/energy/article/43209

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