Offshore Field Development Projects
Tiber Tiber
Operator:BP
Water Depth:1,259 m / 4,155 ft
Region:N. America - US GOM
Country:US
Last Updated:Dec 10, 2009    (view update history)
Project Description
A major oil discovery was found in the deepwater Gulf of Mexico, holding an estimated 3 million barrels of crude oil, making it one of the biggest finds in the world. Tiber is located on Keathley Canyon Block 102 in 4,132 feet (1,259 meters) of water, approximately 250 miles (402 kilometers) southeast of Houston. BP, which holds a 62% working interest, operates Tiber; Petrobras holds 20%; and ConocoPhillips holds the remaining 18%.

The discovery well was drilled by the Deepwater Horizon semisub to a total depth of roughly 35,055 feet (10,685 meters), and encountered oil in multiple Lower Tertiary reservoirs. Tiber was found in the outer region of the gulf, known as the Lower Tertiary trend, and is being compared to another great field, Kaskida – also holding an estimated ...
A major oil discovery was found in the deepwater Gulf of Mexico, holding an estimated 3 million barrels of crude oil, making it one of the biggest finds in the world. Tiber is located on Keathley Canyon Block 102 in 4,132 feet (1,259 meters) of water, approximately 250 miles (402 kilometers) southeast of Houston. BP, which holds a 62% working interest, operates Tiber; Petrobras holds 20%; and ConocoPhillips holds the remaining 18%.

The discovery well was drilled by the Deepwater Horizon semisub to a total depth of roughly 35,055 feet (10,685 meters), and encountered oil in multiple Lower Tertiary reservoirs. Tiber was found in the outer region of the gulf, known as the Lower Tertiary trend, and is being compared to another great field, Kaskida – also holding an estimated 3 billion barrels of oil.

One of the deepest wells ever drilled by the oil and gas industry, Tiber will be further appraised to determine its size and commerciality.
Activities
Status Updates
BP Gulf Oil Find May Hold 3 Billion Barrels
Type: New Discovery

Sep. 2009 - BP announced a major discovery in the Gulf of Mexico that may contain more than 3 billion barrels of crude oil, making it among the biggest finds ever in the region. The company's Tiber prospect was discovered after BP drilled a well to a depth of 35,055 feet (10,685 meters)--which BP calls a record for the oil and gas industry--in a deep water site known as Keathley Canyon about 250 miles (402 kilometers) southeast of Houston. The well marks the latest major discovery in an outer region of the U.S. Gulf referred to as the Lower Tertiary trend, which is thought to hold massive undiscovered oil reserves. The initial well was drilled by Transocean's Deepwater Horizon. BP is still evaluating plans for additional appraisal wells.

Transocean's Deepwater Horizon to Spud Tiber Exploration Well
Type: Status Update

Mar. 2009 - Transocean's Deepwater Horizon semisub rig is slated to spud an exploration well at BP's Tiber prospect this month. Tiber is located on Keathley Canyon block 102 in water depths of 4,130 feet. BP operates the prospect with a 62% working interest.

Update on BP's Tiber Prospect
Type: Status Update

Sep. 2008 - BP had scheduled Transocean's Deepwater Horizon to drill & temporarily abandon well locations A & B to start Sept. 2008 through Aug 2010. TO's Deepwater Horizon did not start drilling on KC102 and has not issued a revised schedule.

BP to Spud Tiber Prospect During Second Half 2008
Type: Operator Update

Jun. 2008 - BP has filed a POE to drill its Tiber prospect during the second half of 2008.

Tiber
Discovery (Drilled) - Sep 2009 to -

Well drilled to TD 35,055 ft (10,685 mt) & encountered oil in multiple Lower Tertiary reservoirs. Appraisal required to determine the size & commerciality.

Exploratory Drilling - Mar 2009 to Sep 2009

Deepwater Horizon to drill exploratory well at KC102.

Bright Spot - Dec 2003 to Mar 2009

KC102 awarded during Western GOM lease sale 187.

Update History
The SubseaIQ Team works everyday to provide you with the latest information on the offshore field development market. The following table provides you with a detailed record of each addition and update made to this project by the SubseaIQ team.
UPDATE TYPE DATE DAYS AGO
Field Updated Dec 10, 2009 1716
Field Updated Nov 05, 2009 1751
Project Description Updated Oct 12, 2009 1775
Field Updated Sep 30, 2009 1787
Field Updated Sep 15, 2009 1802
Field Status Updated Sep 02, 2009 1815
Field Updated Sep 02, 2009 1815
Project Description Added Sep 02, 2009 1815
Activity Added Sep 02, 2009 1815
Field Status Updated Aug 27, 2009 1821
Field Status Added Aug 27, 2009 1821
Field Updated Aug 27, 2009 1821
Field Updated Aug 19, 2009 1829
Field Status Updated Aug 04, 2009 1844
Field Status Added Aug 04, 2009 1844
Field Updated Aug 04, 2009 1844
Field Updated Jul 09, 2009 1870
Field Updated Jun 16, 2009 1893
Field Updated May 18, 2009 1922
Activity Added Mar 12, 2009 1989
Activity Added Sep 01, 2008 2181
Field Added Jun 26, 2008 2248
Field Status Added Jun 26, 2008 2248
Activity Added Jun 26, 2008 2248

    Project Update History Search - View all the lastest updates made by the SubseaIQ team.
 
Project Map
 
 
Field Name Tiber
Discovery Date Sep 2009
Block Keathley Canyon 102
Reserve Type Oil
Current Status Discovery (Drilled)
Production Start
Water Depth 1,259 m / 4,155 ft