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, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
