Drilling advances ///

Record water-depth drilling. In Mid-November, Transocean and ChevronTexaco announced that the Transocean drillship Discoverer Deep Seas had set a new world water-depth drilling record by spudding a well in 10,011 ft of water in the US Gulf of Mexico. The record – set while constructing ChevronTexaco's Toledo well in Alaminos Canyon Block 951 – marks the first time in the offshore drilling industry's history that a drilling rig has explored for oil and gas in more than 10,000 ft of water. The previous world water-depth record was 9,727 ft in the US Gulf by another Transocean drillship, Discoverer Spirit, in October 2001, working for Unocal.

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