Statoil Finds New Oil Source in GOM

Statoil has made an oil discovery on the Logan prospect, located at the southeast end of the Walker Ridge concession area in the Gulf of Mexico. The discovery confirms the potential of the Lower Tertiary formation in this area, stated Petrobras, a partner in the concession.

Drilled by the Discoverer Americas drillship, the well reached a total depth of 27,400 feet. Transocean's dynamic positioning drillship is rated to work in water depths of up to 12,000 feet and can reach a drilling depth of up to 40,000 feet.

Statoil made the Logan discovery through well WE 969 No. 1 in Block WR 969. Gathered data will be assessed to determine the commerciality of the find.

The Logan field is located about 249 miles to the southeast of New Orleans in a water depth of 8,642 feet. Statoil serves as the operator and holds a 35 percent working interest. Partners in the block include Petrobras America (35 percent), Ecopetrol America (20 percent) and OOGC (10 percent).


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit