Forest Oil Makes Discovery in Gulf of Mexico

Forest Oil Corporation made two additional discoveries at South Marsh Island block 149.

The SMI 149 C-4 well discovered 135 feet of oil and gas pay in five productive sands at a total vertical depth of 7,010 feet. Completion operations are currently underway. The C-5 well discovered 205 feet of oil and gas pay, also in five productive sands at a total vertical depth of 7,072 feet. The C-5 well completion and start-up will immediately follow the C-4 activity.

These two discoveries now bring the total number of productive wells on the recently installed SMI 149 "C" platform to five wells. At present, the C-1, C-2, and C-3 wells are flowing at a combined rate of 43 MMcfe/d. The C-4 and C-5 discoveries should be on line by mid-August and increase production by 12 MMcfe/d.

Forest Oil Corporation has a 50 percent working interest in the SMI 149 field. Unocal is the operator.

Craig Clark, Forest's President and Chief Operating Officer, stated: "The Gulf of Mexico unit is having a great year. They have capitalized successfully on deepwater, deep shelf, and conventional shelf plays that typify our diverse and ample Gulf offshore prospect inventory. I would like to compliment our offshore staff on their hard work this year."


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