(Bloomberg) -- Chevron Corp., the second-largest
U.S. oil company, won't resume drilling at the $3 billion Jack
prospect in the Gulf of Mexico until late this year or early 2008
because of a shortage of rigs.
The company, which halted work on the project in August
because it needed to use the Cajun Express rig to finish a more
pressing project, planned to resume drilling next month. A
scarcity of rigs that can operate in waters of 7,000 feet (2,134
meters) and bore 6 miles below the seabed forced a second
postponement, Chevron spokesman Mickey Driver said in an
interview today.
Read more at Bloomberg Energy News
U.S. oil company, won't resume drilling at the $3 billion Jack
prospect in the Gulf of Mexico until late this year or early 2008
because of a shortage of rigs.
The company, which halted work on the project in August
because it needed to use the Cajun Express rig to finish a more
pressing project, planned to resume drilling next month. A
scarcity of rigs that can operate in waters of 7,000 feet (2,134
meters) and bore 6 miles below the seabed forced a second
postponement, Chevron spokesman Mickey Driver said in an
interview today.
Read more at Bloomberg Energy News
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