Vastar uses technology, strategy to compete with majors in deep water

Anne Rhodes Associate Managing Editor-News Vastar Resources Inc. discovered oil with the first well it drilled in the Gulf of Mexico deep water. Vastar logged 290 ft of net oil pay with the King well, on Mississippi Canyon Block 764. Shown here is Diamond Offshore Drilling Inc.'s Ocean Victory semisubmersible rig drilling the well late last year. Photo courtesy of Vastar. Pamela S. Pierce, vice-president of business development: "The deep water is increasingly becoming an environment where an independent can be successful." [7,246 bytes] Robert P. Strode, senior vice-president of exploration and land: "We think subsalt geology is better in dee...

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