Nexen Strikes Gas at Ringo Prospect
Nexen says that drilling and logging operations on the Ringo prospect, located in Mississippi Canyon Block 546 in the Gulf of Mexico, have concluded. The well encountered approximately 150 feet of net gas pay. Conventional cores were taken throughout the productive intervals and the analysis indicates good quality reservoir sands. The discovery well is located in 2,500 feet of water, approximately 120 miles northeast of our Aspen field. Nexen is the operator of the block with a 50% working interest. ENI S.P.A. holds the remaining 50% interest.
The Ringo well commenced drilling on May 28, 2006 and was drilled by the Transocean Amirante semi submersible drilling rig to a total depth of 12,808 feet. We are currently installing a production liner and are evaluating tie back options to nearby facilities. The resource range for Ringo is estimated to be within our pre-drill estimates of 60-170 bcfe and will be confirmed with additional drilling.
"We are pleased with the results of our Gulf of Mexico exploration program," said Charlie Fischer, Nexen's President and CEO. "Including Ringo, this program has resulted in seven discoveries over the past 18 months, including major discoveries at Knotty Head (Green Canyon Block 512) and Alaminos Canyon Block 856."
Operates 2 Offshore Rigs
- Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill (Jul 06)
- Cenovus Drops Most Ever as $13.3 Billion Deal Ramps Up Risks (Mar 30)
- UKCS Oil, Gas Extraction Drops 10% (Dec 08)
Company: ENI more info
Operates 12 Offshore Rigs
- Eni Bets Big on Zohr Explorer Finding New Treasure (Oct 06)
- Eni Inks Cooperation Deal With China's CNPC (Sep 13)
- Italy's Eni Confident Of Dividend Even With Lower Oil Prices (Jul 28)
Company: Transocean Ltd. more info
Manages 46 Offshore Rigs
- Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount (Oct 18)
- Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B (Aug 15)
- Borr Drilling Signs Deal With Transocean to Buy 15 Rigs (Mar 20)