June 11th, 2010
12:20 PM ET

BP: Biggest Player in deepwater oil

Ben Rooney
Staff Reporter, CNNMoney

[cnn-photo-caption image=http://i2.cdn.turner.com/money/2010/06/11/news/companies/BP_deepwater_drilling/bp_oil_transocean.top.jpg]

BP, the company responsible for the worst oil spill in U.S. history, is the largest operator of deepwater drilling systems in the Gulf of Mexico.

BP currently has eight floating production systems capable of pumping oil from wells located more than 1,000 feet below the surface of the Gulf, according to a study from Douglas Westwood, an international research firm focused on the oil and gas industry.

In addition to two rigs in less than 1000 feet of water, BP operates the largest production platform ever brought into operation in the Gulf. The Thunder Horse semi-submersible drilling rig is capable of extracting 250,000 barrels of oil per day from a well more than 1,800 feet below the surface.

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Filed under: Gulf Oil Spill
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