Texaco Discontinues Appraisal Drillings

Friday, January 14, 2000
Texaco has discontinued appraisal drilling of the Fuji and adjacent McKinley prospects in the Gulf of Mexico. Bruce Appelbaum, president of Texaco Exploration said, "Although several wells have logged significant pay sections in both prospects and have tested at potentially commercial rates, the size of the accumulations does not warrant future Texaco investment." Fuji is located 150 miles southwest of New Orleans. The No. 1 rank wildcat well (Green Canyon Block 506) was drilled in 1995 and encountered more than 180 ft. of oil pay. Three subsequent appraisal wells - two of which encountered notable oil pay - were drilled over the past three years. Test data, however, indicated the reservoirs were of limited areal extent. McKinley is located immediately northwest of Fuji. The No. 1 rank wildcat (Green Canyon 416) was drilled in 1998 and encountered more than 100 ft. of oil pay. An appraisal well drilled did not encounter significant hydrocarbons and was declared a dry hole.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Det Norske to Restore Production at Alvheim after Leak

Norwegian oil firm Det norske said it expected to reach full production at its Alvheim FPSO (floating storage, offloading and producing unit) overnight after a leak,

Damen Presents Decommissioning Vessels Concept

Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas

Cambodia Urged ASEAN to Avoid Words That Escalate Tension

Cambodia advised a grouping of South East Asian nations to avoid using words that "would escalate tension between China and the Philippines" in a weekend statement,

Tanker Trends

Gener8 Maritime Net Income Up 91%

Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share,

Enterprise to Export First Ethane Cargo from Houston Terminal in August

Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1,

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0787 sec (13 req/sec)