OFFSHORE DRILLING: With U.S. Gulf find, geologist-turned-wildcatter upended deepwater industry
EnergyWire 2013-09-17
Summary:
When Texaco Inc. geologist Robert Ryan approved plans to drill the world's deepest offshore well in 1996, he didn't expect to come up dry. He also didn't expect that the initially unsuccessful BAHA project in the Gulf of Mexico would unlock a $1.5 trillion reserve of crude oil that has turned the area into one of the fastest-growing offshore markets anywhere.