BP owns part of Noble well that got first permit

Offshore
1

Tue Mar 1, 2011 1:53pm EST

  • BP holds 46.5 percent interest in Noble’s Santiago well
  • Noble is operator, makes drilling decisions
    (Adds comment from Markey, analyst)
    By Kristen Hays
    HOUSTON, March 1 (Reuters) - BP Plc, (BP.L) (BP.N) whose
    Macondo well blowout in the Gulf of Mexico caused the worst
    offshore oil spill in U.S. history last year, co-owns the well
    that was granted the first deepwater drilling permit since the
    disaster.
    BP is Noble Energy Inc’s (NBL.N) partner in the well,
    holding a 46.5 percent interest, BP said.