5-28-07 (important points below, complete article at link)
"Troubles run deep on Gulf oil platform: Repairs a daunting challenge. Technology leads BP to drill where it once could not, but the race for new fields carries high costs and risks"
"in July 2005, a commercial vessel traveling past BP PLC's hulking Thunder Horse oil platform radioed the bad news to its owner: The platform's top deck was listing into the water.
"BP is attempting to do what no oil company has done before: essentially rebuild the entire architecture of an oil field on the sea floor some 6,000 feet beneath the waves.
At $250 million, the job is costlier, and riskier, than putting the equipment on the gulf floor in the first place.
"sitting atop a reserve that possibly holds 1.5 billion barrels, promises to deliver up to 250,000 gallons of oil a day, making it one of the gulf's biggest producers. For U.S. consumers now paying an average of $3.10 a gallon for gas, Thunder Horse would relieve some of the price pressure: Fully operational, it would boost total U.S. production by 5 percent."
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