The British oil company BP says it has found enormous quantities of oil in the Gulf of Mexico.
The discovery was made at a depth of 11 kilometres in the Tiber Prospect oil field, one of the world’s deepest sources of oil.
US bank Goldman Sachs estimates the reserves at 1 billion barrels of oil and gas worth around 3 billion euros. Production however could only begin in 2014.
Photo: BP logo - Flickr Creative Commons
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