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The Tiber Prospect Well: BP Makes Giant Oil Discovery Deep in the Gulf

The Energy Law

It is expected to rank among the largest petroleum discoveries in the United States, potentially producing as much oil as BP’s Thunder Horse well and half as much as Alaska’s famous North Slope oil field. The Tiber well is below 4,000 feet of water and more than 30,000 feet into the earth.

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Upstream Midstream Downstream – What is the Difference?

Aresco

This includes both onshore and offshore activities. Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells. Key Processes: Refining, petrochemical manufacturing, distribution, and retailing of refined products.

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With A New Regulatory Framework On The Horizon, There Is Still Much Uncertainty Concerning The Future Of Offshore Carbon Storage

The Energy Law

In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS. One issue is the method Interior will use to authorize offshore CCS – by lease, easement, or right-of-way (or some combination thereof).

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