MMS Details Gulf of Mexico Deepwater Discoveries to Date in 2005

The Minerals Management Service reports that there were nine deepwater (greater than 1,000 feet) oil and gas discoveries announced by operators and lessees in the Gulf of Mexico in 2005, as of November 30, 2005.

"The deepwater discoveries to date represent a strong continuing success story in the Gulf of Mexico," stated Chris Oynes, MMS Regional Director for the Gulf of Mexico. "Discoveries like BP's Stones represent a continuing favorable development in the new Paleogene play in the Walker Ridge area."

MMS reports that, in the week ending December 2, there were nine rigs drilling in 5,000 feet of water or greater the ultra deepwater zone. This compares with seven in the same period one year ago.

MMS also notes that Chevron/Unocal had reached a new drilling record in the Gulf of Mexico 32,968 feet drilling depth at its Knotty Head prospect in Green Canyon Block 512. This broke the old record set by Shell of 32,727 feet.

2005 Announced Deepwater Discoveries,
Gulf of Mexico (to Date)

Prospect Operator Area WD (ft)
Clipper Pioneer GC 299 3,452
Knotty Head Chevron/Unocal GC 512 3,557
Q Spinnaker MC 961 7,925
Stones BP WR 508 9,576
Genghis Khan Anadarko GC 652 4,300
Anduin Nexen MC 755 2,400
Wrigley Newfield MC 506 3,700
Mondo NW Ext. Anadarko LL 001 8,340
Jubilee Ext. Anadarko LL 309 8,774

Note: La Femme Prospect (Mississippi Canyon BLK 427) was announced Feb. 2005, but reached total depth in 2004 and was previously listed as a 2004 discovery.

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 Company: Minerals Management Service (MMS)more info
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