BP has been authorized by the National Incident Commander, Thad Allen, to cease fishing operations at the Macondo well site to remove sections of pipe that have settled in the blowout preventer (BOP) and to prepare for the removal of the well’s existing capping stack and BOP. The equipment will be replaced with a BOP taken from the backup relief well being drilled by the Development Driller II.
Mainland Resources, Inc. announced the appointment of leading exploration and production executive, Nicholas W. Atencio, as Chief Executive and Director of the company. Atencio previously held the positions of Vice President of Operations Gulf of Mexico and Vice President of International Exploration and Production for Kerr McGee Oil & Gas Corporation.
Plains Exploration & Production (PXP) plans to reduce its Gulf of Mexico (GOM) exposure and related capital spending. PXP’s goals are to secure $1 billion to $2 billion of value from its GOM assets through third party joint ventures and/or asset sales and to align capital spending with operating cash flow.
Pemex has awarded CGGVeritas a contract to acquire a 3D wide–azimuth (WAZ) program in the Mexican waters of the Gulf of Mexico. The survey, valued at more than $200 million, will start in October 2010 and run for a period of 300 days. Two 3D seismic vessels, the Vanquish and the Oceanic Vega, as well as supporting vessels, will be dedicated to this project.