OTHER NEWS - Dec. 10, 1991
From Times Staff and Wire Reports
Exxon Announces Oil Find: Exxon Corp. said it had made a potentially significant oil and natural gas discovery topping the equivalent of 100 million barrels of oil in the deep water of the Gulf of Mexico, about 150 miles south of Galveston. A discovery well drilled to 11,930 feet hit oil and gas between 10,200 and 10,600 feet, Exxon said. The depth of the well set a record for a moored semi-submersible drilling rig. Exxon holds a 67% interest in the well, with BP Exploration Inc. owning the remaining 33%.
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