Macondo Prospect

Macondo is a subsea offshore oil and gas field in the Gulf of Mexico.

Name

The name Macondo refers to a fantasy city in which the novel takes Hundred Years of Solitude by Nobel laureate Gabriel Garcia Marquez. Supporting oil companies often assign code names which do not reveal the exact location and memorable than technical names or coordinates.

Location and size

The responsible Bureau of Ocean Energy Management, Regulation and Enforcement (still under the name Minerals Management Service ) divides the coastal area of ​​the United States into blocks to organize the exploitation. The Macondo field is located in block 252, which is in the range of the undersea Mississippi Canyon. British Petroleum (BP ) is the operator and exploiters of the field. BP receives 65% of income, while 25 % of Anadarko Petroleum Corporation and include 10% of MOEX Offshore 2007, a subsidiary of Mitsui & Co.. Expressions of BP boss Tony Hayward, according to the field should contain approximately 50 to 100 million barrels of oil, likely to be of which about 30 % can be conveyed (15 to 30 million barrels ). By comparison, the global daily oil consumption currently stands at about 88 to 89 million barrels.

Accident

On 20 April 2010, the oil rig Deepwater Horizon exploded after a blowout of the well.