Title : Chevron Announces A "Major" Oil Discovery In US Gulf Of Mexico -- February 1, 2018
link : Chevron Announces A "Major" Oil Discovery In US Gulf Of Mexico -- February 1, 2018
Chevron Announces A "Major" Oil Discovery In US Gulf Of Mexico -- February 1, 2018
From Rigzone:Chevron Corporation announced Wednesday that a ‘major’ oil discovery has been made at the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico.
The Ballymore well reached a total measured depth of 29,194 feet and encountered more than 670 feet of net oil pay with ‘excellent’ reservoir and fluid characteristics, Chevron said in a statement on its website. A sidetrack well is currently being drilled to further assess the discovery, which is already deemed commercially viable.
Located approximately three miles from Chevron’s Blind Faith platform, the Ballymore prospect is situated in water depth of about 6,540 feet, 75 miles from the Louisiana coast, and covers four blocks in the Norphlet play.No other specifics.
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Shell Sweeps Nine Of 19 Blocks Awarded In Oil Auction
Wow, this has been a huge week for Shell. First, its incredible earnings report, and now this, from Reuters:
Royal Dutch Shell snapped up nine of 19 oil and gas blocks awarded in Mexico's prized Gulf of Mexico deep waters, emerging the clear winner in the country's biggest auction since the energy sector was opened up to foreign oil firms.
The stakes are high for Mexican President Enrique Pena Nieto and his ruling party, which is keen to showcase the results of the liberalisation ahead of a presidential election in July.
Shell focused on blocks in the Perdido and Salina basins, which were expected to be the most competitive of the 29 areas on offer in the auction. Perdido is close to U.S. waters where oil firms already operate.Much more at the link.
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