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Macondo: the well before the blowout

06/21/2010
By Guntis Moritis
Various agencies have started releasing documents showing the downhole completion and design considerations for the Macondo No. 1 well on Mississippi Canyon Block 252 in the Gulf of Mexico that blew out on Apr. 20 during operations for temporarily abandoning the well.BP Exploration & Production Inc. is the operator of well and acquired the MC252 Block in a 2008 lease sale for a bonus payment of $34 million. The lease has a 183⁄4% royalty rate.BP retained a 65% interest in the lease and its partners of record are Anadarko E&P Co. LP 22.5%, Anadarko Petroleum Corp. 2.5%, and Mitsui Oil Exploration Co. Ltd. unit Moex Offshore 2007 LLC 10%.BP estimated that the well would cost a...
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