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Macondo Prospect

Oil and gas prospect in the Gulf of Mexico

  • 3 min read
  • 5 chapters

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Through Seabed

Name

Oil companies routinely assign code names to offshore prospects early in the exploration effort. This practice helps ensure secrecy during the confidential pre-sale phase, and later provides convenient names for casual reference rather than the often similar-sounding official lease names denoted by, for example, the Minerals Management Service in the case of federal waters in the USA. Names in a given year or area might follow a theme such as beverages (e.g., Cognac), heavenly bodies (e.g., Mars), or even cartoon characters (e.g., Bullwinkle).

The name Macondo had been the winning selection in a BP employee contest as part of an internal United Way campaign. It comes from the fictitious cursed town in the novel One Hundred Years of Solitude by Colombian Nobel Prize-winning writer Gabriel García Márquez.

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