BP plc’s big oil strike in the Gulf of Mexico this week was the deepest oil and gas well ever drilled, at more than 35,000 feet,
Transocean Ltd. (NSYE: RIG), the Houston drilling giant that recently relocated its executive offices to Switzerland for tax purposes, owns the Deepwater Horizon, the ultra-deepwater semisubmersible under contract to BP (NYSE: BP) that drilled the well located in the Tiber prospect in the U.S. Gulf of Mexico.
The six-mile well was drilled in 4,130 feet of water.
Houston-based ConocoPhillips (NYSE: COP) has an 18 percent stake in the Tiber prospect, while Brazilian oil company Petrobras has 20 percent. The remaining 62 percent belongs to BP.
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