Bporiginallydesignedthemacondowellto

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Unformatted text preview: dditional funds and continued participation from its partners in the Macondo project, BP submitted to Anadarko E&P Company LP and Anadarko Petroleum Corporation (collectively “Anadarko”) and MOEX several Casing point is the depth at which drilling a particular wellbore diameter will end so that casing of a given size can be run and cemented. 50 BP‐HZN‐MBI000010362. 49 25 Authorizations for Expenditures (“AFEs”), which included written descriptions of the project and cost estimates for proposed well activities and operations. 51 Under their operating agreement with BP, Anadarko and MOEX could choose to participate in the activities and operations described in the AFE and thereby commit to the funding necessary to continue the operation; they could propose an alternative operating plan; or they could end their participation in the Macondo project. 52 BP submitted to Anadarko and MOEX an initial AFE for the Macondo well in August 2009, estimating that the total costs of the well would be about $96.1 million. Both Anadarko...
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This note was uploaded on 01/18/2014 for the course BEPP 305 taught by Professor Nini during the Fall '11 term at UPenn.

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