Michael Kanellos
December 2, 2008 at 2:18 PM
Shell has drilled an oil well in the Gulf of Mexico thats 1.77 miles deep and it will follow up with an even deeper one.
The oil giant announced it has drilled a well in the Silvertip field of the Perdido development that extends 9,356 feet below the surface and will later drill a 9,627-foot well in the same area. That handily beats the old record, which stood at 6,950 feet.
In all, the Perdido development will have 35 wells and pump 130,000 barrels a day around the turn of the decade.
So whats that have to do with greentech? Its just a reminder that the fossil fuel crowd isnt standing still. Instead, oil producers are exploiting technology and engineering to extend their traditional businesses. As a result, ethanol and biodiesel manufacturers will remain locked in tight competition to keep production prices down. Its going to be interesting. Ethanol was a growing industry in the 1970s until gas prices undercut it in the 80s. Peak oil is inevitable, but the battle will probably go on for quite some time.
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
