Oil company finds hidden trove of oil in Gulf of Mexico
April 28, 2017
HOUSTON (AP) — British oil company BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico thanks to advanced imaging of geological formations.
The Houston Chronicle (http://bit.ly/2oA0ouk ) reported the oil reserve about 150 miles from New Orleans is potentially worth $2 billion in recoverable oil.
The oil reserves were discovered with the help of a new supercomputer and mathematical algorithm to interpret the seismic data, which oil companies use to map features below the earth, in a new way. The technological advancement let scientists see beyond a salt dom...