BHP Billiton Drills a Duster in Green Canyon Block
The Firefox No. 1 exploratory well on Green Canyon Block 817 will be plugged and abandoned. Firefox is located on Green Canyon Blocks 773 and 817 offshore Louisiana in a water depth of 4,803 feet (1,464 meters). BHP Billiton serves as the operator and holds a 50% interest; Cobalt holds 30%; and Total holds the remaining 20%.
Cobalt will now focus on the Ligurian No. 2 exploratory well, which the company plans to drill in 2010. As previously announced, the operator will also spud the North Platte No. 1 well this year. The order of drilling operations is dependent upon when the drilling permit for Ligurian No. 2 well is obtained relative to accepting the Ocean Monarch semisub from its current operator. Cobalt is the operator of both wells with a working interest of 60% in the North Platte No. 1 well, and a working interest of 45% in the Ligurian No. 2 well.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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Company: Cobalt International more info
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