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July 13, 2005
Thunder Horse Pulls Up Lame
By: Rowan Wolf
Have you heard of Thunder Horse? It is the latest/greatest deep water oil drilling platform under construction by British Petroleum (75%) and ExxonMobil (25%), to the current costs of $5 Billion. Thunder Horse is located in the Gulf of Mexico in "Mississippi Canyon Block 778 in 6,050 ft of water, 150 miles southeast of New Orleans" (Oil & Gas Journal, 7/13/05). Thunder Horse was found listing at 20-30 degrees in the aftermath of hurricane Dennis, but the storm may not have caused the damage.
Now this would seem to be pretty big news. This is the drilling platform that was dedicated by Bush administration officials - including Gale Norton - in February who "called the Thunder Horse the largest and most technologically advanced semi-submersible in the world." (KLFY)
Did you miss that "dedication? Did you miss the news that it was falling over? So did I, but I guess that a $5 BILLION oil platform which is supposedly the future of "environmentally friendly" oil and gas drilling is just not big news - unless you happen to own stock on BP or Exxon.
Luckily, Thunder Horse was not yet extracting oil from the 6000 foot deep sea bottom, so the "tilt" is threatening to the platform, but there is no oil spill. I guess we can be glad that it started to sink before they started drilling, and hopefully will figure out the problems before they do start drilling.
Other smaller platforms in the area sustained little damage, so it seems likely that it was not Dennis that has "lamed" Thunder Horse (and where do they come up with these names anyway)? Would such a large investment at risk made the headlines if it had totally sunk? Maybe, but after the apparent promises BP/Exxon are likely a bit chagrined at their sinking platform.
Posted by Rowan at July 13, 2005 12:06 PM Category: Peak Oil
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