Word: drillship
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Dates: during 1982-1982
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...that the new field could contain up to 300 million bbl. Other industry estimates put it as high as 500 million bbl., and one Government expert says the ultimate potential could be 1 billion bbl. Such heady forecasts have drillers scrambling. Texaco is already operating the Glomar Atlantic, a drillship, in the area, and Phillips has dispatched a rig from Africa's Ivory Coast to help with the exploration. Last week Exxon requested federal permission for a $3 billion project to boost production at Santa Ynez, a separate oil deposit only 27 miles away, which the company believes contains...
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