BP’s strategy after the Deepwater Horizon tragedy: Go deeper.
BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.
One BP field in the Gulf of Mexico, called Tiber, makes the Macondo field that the Deepwater Horizon rig was probing look like simple puddle of oil. It is thought to hold 20 times the amount of oil as Macondo. At 35,000 feet below the sea floor — 6.6 miles into the earth’s crust — it is about twice as deep. Full story for BostonGlobe.com subscribers.