BIG DEEPWATER FINDS BUOY GULF OF MEXICO OIL AND GAS PROSPECTS

A.D. Koen Gulf Coast News Editor A recent string of major deepwater discoveries has buoyed prospects for finding more giant oil and gas fields in the Gulf of Mexico. At midyear 1991, operators disclosed details of three deepwater gulf strikes with combined reserves potential approaching 1 billion bbl of oil equivalent (BOE). Exxon Corp. last week disclosed a fourth possible giant field discovery in the deepwater Gulf of Mexico (see story, p. 19).

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