Tiber Oil Field
The Tiber Oil Field is a subsea offshore oil field in the Gulf of Mexico. Described Discovered by BP in September 2009 and by the press as " gigantic " Fund, to him in 4 to 6 billion barrels of oil stored (for comparison, a Fund shall apply from 250 million barrels of capacity as " huge ").
In order to open up the field for oil production, only had a 10,685 m deep borehole in a sea depth of 1,260 m to be created, which was the world's deepest hole of its kind at the same time.
Description
The Tiber Oil Field is located in the Keathley Canyon submarine, about 400 kilometers southeast of Houston, Texas and 480 miles south-west of New Orleans.
The oil-bearing layers come here from the Paleogene, so are 23-65 million years old. Tiber is only the 18th located in development field from this time, and drilling in these formations are among the most technically demanding. Many of these deep oil deposits in the Gulf of Mexico are also buried under miles of thick salt deposits, which can lead to further problems in drilling. BP has here but already developed special techniques to overcome these difficulties.
Oil from the Tiber field is light, that is, it has a low viscosity and is not tough, but liquid at room temperature. Light oil is more expensive than heavy, as its efficiency in the conversion to gasoline or diesel fuel is significantly higher in the refineries.
First estimates of recoverable quantities amount to 20 to 30%. News agencies such as Bloomberg warn against the most technically complex production from these depths and suspect that it may take 5-6 years for the development of complete and can be started with the promotion. Based on initial experiences from neighboring Kaskida oilfield prevail further doubt on the actual achievable yields.
Discovery
BP auctioned the Förderlos for the Tiber Field on October 22, 2003. Development Plan was filed in June 2008.
The holes in this area were originally operated by Transocean, dynamically positioned semi- submersible rig Deepwater Horizon conducted. This started after an initial delay, in March 2009.
The field was presented to the press September 2, 2009, after which the market price of BP shares rose 3.7 %.