BP Unleashes Additional Reserves at Mad Dog Field

BP has successfully appraised a previously untested northern section of the Mad Dog field in the Gulf of Mexico. Appraisal results confirmed a significant resource increase for the Mad Dog field complex, which includes the existing field, and appraisal drilling of the Mad Dog South field in 2008 and 2009.

The operator stated that overall hydrocarbons initially in place, in Mad Dog, are estimated at 4 Bbbl of oil equivalent (pending confirmation through further appraisal drilling). Drilled by the GSF Development Driller I, the well discovered 166 feet (51 meters) of hydrocarbons in the objective Miocene hydrocarbon-bearing sands and an oil column of more than 300 feet (91 meters). BP plans to increase production from Mad Dog by installing another spar production facility with a production capacity of 120,000 to 140,000 boed.

The well is located on Gulf of Mexico's Green Canyon Block 738 in approximately 4,500 feet (1,554 meters) of water. BP holds a 60.5% working interest in the field; Chevron holds a 15.6% interest; and BHP holds the remaining 23.9% interest. 

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