In other news, the East Cameron Block 73 #1 is currently being drilled from the same surface location targeting an adjacent fault block. Both wells will be completed following the drilling of the second well. It is anticipated that production will be initiated in early 2004 after platform facilities and the pipeline are installed.
George K. Hickox, Jr., Chairman and Chief Executive officer, said, "The Vermilion 61 #1 is our third new field discovery this year. Since entering the central GOM in 2001, we have successfully completed 13 out of 17 wells for an overall success rate of 76%. The remaining 15 undrilled blocks in our GOM inventory contain net unrisked reserve potential of approximately 90 billion cubic feet equivalent of natural gas, some of which we hope to test next year."
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