ultradeep

An Angolan official confirmed Pertamina is in talks with Exxon to buy the stake in Block 31, in the so-called ultradeep waters off Angola.

Exxon in Talks on Angola Sale Alison Tudor 2011

It is located in a region of the Gulf known as the ultradeep Miocene formation, where the energy industry has made several large finds in recent years, including the ill-fated Macondo field discovered by BP, which leaked millions of barrels of oil into the Gulf.

Chevron To Pump $4 Billion Into Field Isabel Ordonez 2010

And Browne says that the maximum daily fee BP pays to lease rigs capable of drilling in "ultradeep" water (more than 1,500 meters) has risen from $200,000 to $500,000 since 2004.

Big Oil's Big Problem 2007

HOUSTON— Chevron Corp. said Tuesday it has made an oil discovery in the Gulf of Mexico ultradeep water, enlarging the list of finds the energy industry has recently announced in the region.

Chevron Makes Gulf Of Mexico Discovery Isabel Ordonez 2011

He said Brazil's toughness may backfire by cooling oil-company interest for working in Brazil, while creating a false expectation that Brazil's massive foray into ultradeep water will be accident free.

Chevron Raps Brazil's Spill Response John Lyons 2011

BEIJING—China plans an ultradeep dive by a manned submersible beneath the Pacific that would propel it past the U.S. in a race to explore potentially vast mineral resources in the deepest parts of the world's oceans.

China to Dive for Buried Treasures Jeremy Page 2011

Brazil has discovered some of the world's biggest oil finds in decades lying in ultradeep water, below miles of rock and hard-to-drill salt.

Brazil Police Seek to Indict Chevron, Transocean Staff John Lyons 2011

ONGC Videsh Ltd., the overseas investment arm of oil and gas explorer ONGC, had submitted a binding bid to acquire a 25% stake in the Block 31 ultradeep oil block in Angola, the Indian government said in December.

ONGC May Not Get Exxon Angola Stake Eric Yep 2011

Mr. McKay said no conclusions should be drawn before an investigation is complete, but "we've not dealt with a situation like this before" involving drilling in ultradeep waters 5,000 feet below sea level.

Senate Panel Convenes in Rig Case 2010

With these potentially mammoth ultradeep, shallow-water discoveries, McMoRan and XXI could soon lure in the supermajors seeking a replacement for the deepwater game that BP complicated.

XXI Energy Goes Deep Into the Gulf Christopher Helman 2010