It is named for the hydrographic survey ship USNS Sergeant George D. Keathley (T-AGS-35).
The major oilfields at the Keathley Canyon are Tiber,[2] Kaskida,[3] Lucius,[4] and Buckskin.
[5] Many oil companies, including Chevron Corporation, BP, Anadarko Petroleum, ExxonMobil, Repsol,[6] Shell, Devon Energy, BHP, Eni, Navitas Petroleum and Total have leased the rights to drill for oil in this area.
[citation needed] In June 2011, ExxonMobil announced two major oil and gas discoveries in Keathley Canyon blocks 918, 919, and 964 (Hadrian field)[7] 250 miles (400 km) southwest of New Orleans, with combined estimated reserves of 700 million barrels (110×10^6 m3).
Units owned by Petrobras and Eni hold a 25% interest in three of the blocks.