The U.S. is going to need this if and when sanctions are placed on Iran.
Associated Press
Sept. 5, 2006 07:10 AM
OSLO, Norway - Tests of a deep-water well in the Gulf of Mexico could
indicate a significant oil discovery, three companies announced Tuesday, in
the first project to tap into a region that reportedly could boost U.S. oil
and gas reserves by as much as 50 percent.
The Jack 2 well was drilled by U.S. oil company Chevron Corp., with
partners Statoil ASA of Norway and Devon Energy Corp. of Oklahoma City.
"Test results are very encouraging and may indicate a significant
discovery. The full magnitude of the field's potential is still being
defined," Statoil said in a statement.
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