Unocal Announces Deepwater Gulf of Mexico Discovery

Wednesday, August 25, 1999
discovery on the Mad Dog prospect in the Gulf of Mexico deepwater Green Canyon block 826. The well encountered 300 net ft. of hydrocarbons, primarily crude oil. Spirit Energy holds a 25-percent interest in the 2.5-block drilling unit encompassing most of the Mad Dog structure. Based on the available data, the company believes its net resource potential for the Mad Dog drilling unit is likely in excess of 100 million boe and possibly as high as 200 million boe. Although further appraisal drilling is required to determine the extent of the discovery, Spirit Energy believes the gross resource potential within the drilling unit to be in excess of 400 million boe and as much as 800 million boe. If the upper range of this initial resource estimate is confirmed, Mad Dog could be one of the largest discoveries yet announced in the Gulf of Mexico. The Mad Dog drilling unit is located in 5,000 to 7,000 ft. of water in Green Canyon blocks 825, 826 and 782, about 150 miles southwest of Venice, La. The well spudded in May 1998 and was drilled to a total depth of 22,410 ft. The pay zones were sampled, but not tested. BP Amoco is the operator of the Mad Dog well, with a 64-percent working interest; BHP holds the remaining 11-percent interest. Spirit Energy is scheduled to begin a five-well deepwater drilling program as operator this month. The drilling program currently includes plans to drill wells in the South Sierra (Garden Banks 551), Nag (Mississippi Canyon 541), Bow Shock (Garden Banks 460) and Sumatra (Garden Banks 941) prospects.

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


France-Corsica Ferry Operator SNCM's Takeover Gets EU Clearance

The European Commission has approved the takeover of troubled France-Corsica ferry operator SNCM by Corsican entrepreneur Patrick Rocca, according to a letter seen by Reuters on Tuesday.

Maersk Venturer to Drill for Total

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration

Shipping Industry Supports Global Climate Change Deal

The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change.


Australia, Japan Partner for Hydrodynamics Research

Australia and Japan have signed a cooperative research arrangement on marine hydrodynamics, the Chief Defence Scientist, Dr Alex Zelinsky, announced today.   “This

Barge Master Launches Fit-for-Purpose Gangway

Press release - Barge Master has announced the official launch of a motion compensated gangway after building a track record in motion compensated lifting. ‘The

Norway's Offshore Shipping Sector Faces Bleak Year

Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options

Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.0734 sec (14 req/sec)