BPs Significant Oil Discovery in Deep Water within the Gulf of Mexico

BPs latest discovery highlights the company?s exploration commitment to Gulf of Mexico (GOM). Earlier this month, BP revealed it had made a significant oil discovery at its Gila prospect in the deep water of the GOM. This is BP?s third discovery in recent years in the emerging Paleogene trend in the GOM and reflects the company?s ongoing commitment to the US offshore region. The site is co-owned with ConocoPhillips. BP has previously announced its Kaskida find in 2006 and Tiber in 2009. The Gila discovery was made by an exploration well about 300 miles southwest of New Orleans, in approximately 4,900 feet of water.