Unocal Makes Gas Discovery with Harvest Deep Shelf Well
Timothy H. Ling, Unocal president and chief operating officer, said the well was now being sidetracked to determine the extent of the reservoir and ultimate recoverable natural gas volumes.
"We plan to develop the well with a mobile offshore production unit, so we have the opportunity to bring production on line quickly at lower cost," Ling said. "The possible development timetable and expected production level will be determined after we have completed the sidetrack."
Later this year, the company expects to drill a delineation well to the northeast of the discovery well location. Additional appraisal wells may be drilled.
Unocal is operator of West Cameron block 44 and holds a 41-percent working interest. Co-venturers are Duke Energy Hydrocarbons, a wholly owned subsidiary of Duke Energy, which has a 37-percent working interest; The William G. Helis Company, LLC, with a 20-percent interest; and Houston Energy, LP, which holds the remaining 2 percent.
Ling also told analysts that the Deer Island exploration well (CL&F 25 No. 1) onshore in Terrebonne Parish, La., had encountered potentially commercial natural gas resources in the shallow zones, but the deeper objective was not productive. Unocal is operator of the well and holds a 50-percent working interest. Forest Oil Corporation holds the remaining interest. The companies are evaluating options to commercialize the shallow zone resource.
Ling noted that the company is currently producing more than 40 million cubic feet net of gas per day from its two late-2002 deep shelf discoveries, Jalapeno and Rio Grande. The addition of Harvest production would put the company well on its way to meeting or exceeding projections for production from the deep shelf program for the year, with the majority of the scheduled 2003 prospects yet to be drilled.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- I Squared Eyes Full Ownership of Europe Gas Storage Firm
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension