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View Full Version : Please help me understand BP


StackerKen
4th May 2010, 03:45 PM
Most of you know Im not real smart

BP stands for British Petroleum that much I know....

What was a British company doing drilling oil in the states?

Don't we drill our own oil?
Ponce
4th May 2010, 03:52 PM
MY BP is about 185/121.........not bad..........and is not British but Cuban :oo-->
Dave Thomas
4th May 2010, 03:54 PM
Anyone know who regulates mineral rights out in international waters?

And if the Deepwater Horizion was in international waters?

My thinking is that if it has anything to do with Mineral rights, the jurisdiction extends out to infinity.


To answer the question, BP is just a private company from the UK, it's not state owned by the UK.
I am me, I am free
4th May 2010, 03:58 PM
Anyone know who regulates mineral rights out in international waters?

And if the Deepwater Horizion was in international waters?

My thinking is that if it has anything to do with Mineral rights, the jurisdiction extends out to infinity.


To answer the question, BP is just a private company from the UK, it's not state owned by the UK.




A country's 'exclusive economic zone' extends out 200 nautical miles.

http://en.wikipedia.org/wiki/Exclusive_Economic_Zone.#Exclusive_economic_zone

BP bought a lease for that well from the USG, dunno if auctions are held or what.
StackerKen
4th May 2010, 04:00 PM
Thanks Dave..
.but it seems to me, we would have company's from the US drilling most of the oil here...But i guess i just don't "get it"
StackerKen
4th May 2010, 04:01 PM
A country's 'economic zone' extends out 200 miles.

BP bought a lease for that well from the USG, dunno if auctions are held or what.


Ohhh....That helps me understand a bit more...thanks I am me
I am me, I am free
4th May 2010, 04:03 PM
A country's 'economic zone' extends out 200 miles.

BP bought a lease for that well from the USG, dunno if auctions are held or what.


Ohhh....That helps me understand a bit more...thanks I am me



Ken, the answers you seek are only a few keystrokes away...

http://www.mms.gov/offshore/

Note that I edited my last post.
willie pete
4th May 2010, 04:13 PM
BP bought AMOCO several years ago too....
oldmansmith
4th May 2010, 04:24 PM
Like BP is "British" any more than Haliburton is "American." They are all multinational corporations who get to do whatever the fark they want. Then the locals pay for the mess. This is what is called a "free market" system.

Yes I am pissed off about this.