Due to misinformation provided by Vinson & Elkins, an earlier version of this story included the wrong title for partner Wendy Salinas.
Deepwater drilling for oil has a number of obstacles: depth, temperatures, high pressures, salt water, intense storms and unpredictable costs. Not intimidated by such hurdles, Ridgewood Energy Corporation is ready to take the plunge once again by putting together its third private equity fund to bankroll finding and developing new oil reserves in the deepwater areas of the Gulf of Mexico.
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