BP announces significant Gulf of Mexico oil find

12/19/2013 | Reuters

BP has found a major oil discovery at its Gila prospect in the Gulf of Mexico, which it co-owns with ConocoPhillips, BP said on Wednesday. "The Gila discovery is a further sign that momentum is returning to BP's drilling operations and well execution in the Gulf of Mexico," said BP Regional President Richard Morrison. BP said it will conduct appraisal drilling to determine the prospect's size and potential.

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