Marathon Makes Gulf of Mexico Oil Discovery

Marathon Oil said a new deepwater discovery well in the Green Canyon region of the Gulf of Mexico had struck oil.

The Droshky No.1 well, previously called Troika Deep, lies about 137 miles (220 km) south-southwest of Venice, Louisiana, in about 2,900 feet (884 meters) of water.

The well was drilled to 21,190 feet, and encountered a reservoir with about 250 of net oil pay, the Houston-based company said.

Marathon, which owns a 100 percent interest in the find, has started to drill up to two sidetrack wells, which will be followed by engineering development studies.
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