EPL Makes 2nd Discovery at South Marsh Island 109
Energy Partners Ltd.
Energy Partners has made a second exploratory discovery at South Marsh Island 109 in the shallow waters of the Gulf of Mexico Shelf. This discovery, drilled in 189 feet of water to a measured depth of 11,300 feet (10,209 feet true vertical depth) is a follow-up exploratory well to the initial discovery on the block that was announced in early October. The well was drilled by Ensco's jackup, Ensco 88.
The South Marsh Island #2 well, located about 230 miles southwest of New Orleans was drilled immediately after the #1 well from the same surface location. The #2 well encountered apparent natural gas pay in the primary objective interval as well as in a deeper secondary objective which was not seen in the first well. Immediately after casing and suspending the #2 well, a third exploratory well will be drilled from the same location.
EPL owns a 25% working interest in the block. Hunt Petroleum is the operator and has a 50% working interest. The remaining interests are held by Cheyenne International Corporation (18.75%) and CL&F Resources LP (6.25%).
Richard A Bachmann, EPL's Founder, Chairman, President and CEO commented, "We are very pleased with the results of this second exploratory well at South Marsh Island 109. We encountered natural gas not only in our primary objective but also in a secondary deeper target that we did not see in the initial well. We plan to drill one more exploratory well commencing immediately and then move forward with our development plans. Any additional drilling will occur after the new facilities are installed in mid-2004."
The South Marsh Island #2 well, located about 230 miles southwest of New Orleans was drilled immediately after the #1 well from the same surface location. The #2 well encountered apparent natural gas pay in the primary objective interval as well as in a deeper secondary objective which was not seen in the first well. Immediately after casing and suspending the #2 well, a third exploratory well will be drilled from the same location.
EPL owns a 25% working interest in the block. Hunt Petroleum is the operator and has a 50% working interest. The remaining interests are held by Cheyenne International Corporation (18.75%) and CL&F Resources LP (6.25%).
Richard A Bachmann, EPL's Founder, Chairman, President and CEO commented, "We are very pleased with the results of this second exploratory well at South Marsh Island 109. We encountered natural gas not only in our primary objective but also in a secondary deeper target that we did not see in the initial well. We plan to drill one more exploratory well commencing immediately and then move forward with our development plans. Any additional drilling will occur after the new facilities are installed in mid-2004."
RELATED COMPANIES
Most Popular Articles
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh
- Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
- US Govt Makes Record Investment of $6B for Industrial Decarbonization
- Perenco Still Searching for Missing Person After Platform Incident
- Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization
- Oil Falls as US Inventories Increase
- Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
- Ithaca Energy Studies Deal for Eni's UK Upstream Assets
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call