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This is the sign at a BP gas station in downtown Pittsburgh Friday, March 17, 2017. (AP Photo/Gene J. Puskar)
This is the sign at a BP gas station in downtown Pittsburgh Friday, March 17, 2017. (AP Photo/Gene J. Puskar)

BP discovered $2 billion worth of oil hidden in the Gulf of Mexico. Yes, BP.


BP has found a hidden treasure trove of oil in the Gulf of Mexico thanks to a supercomputer that allowed to see beneath a rock formation that stumped oil experts for years.

The oil is believed to amount to about 200 million barrels and contains about $2 billion in recoverable oil. The formation is about 150 miles off the coast of New Orleans, the Houston Chronicle reports.

The imaging technology could save oil companies hundreds of millions of dollars, since they can avoid "false starts" and drill where oil actually is.

Finding a way to get around salt formations has long been a "holy grail" for oil drillers, Ed Hirs, energy fellow at the University of Houston said. 

To find oil underwater, companies like BP typically rely on seismic imaging, which would send seismic waves into the ocean and measure how the waves are distorted after bouncing off the rocky floor. But salt doesn't send waves back so much as refract them, leading to what BP geophysicist calls "a bunch of scrambled nonsense," and the companies can either drill randomly to try and find oil or move on.

FILE - This April 21, 2010 file photo shows oil in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. The Justice Department says the first criminal charges in the Deepwater Horizon disaster have been filed against a former BP engineer who allegedly destroyed evidence on Tuesday, April 24, 2012. . Kurt Mix, of Katy, Texas was arrested on charges of intentionally destroying evidence. He faces two counts of obstruction of justice. The Deepwater Horizon oil rig exploded in the Gulf of Mexico in April 2010, killing 11 men and spewing 200 million gallons of oil. (AP Photo/Gerald Herbert, File)

BP has deemed the new technology such a success, it's ready to use it worldwide.  The company was marred by scandal after the massive Deepwater Horizon spill, also in the Gulf of Mexico.

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