BHP Billiton announces oil find in Gulf of Mexico

Nov 13, 2003 01:00 AM

BHP Billiton announced the results of its first appraisal well on the Shenzi field, discovered last year in the deepwater Gulf of Mexico.
Shenzi-2 began drilling on September 22, 2003 and was drilled to a total depth of 25,500 feet encountering approximately 500 feet of net oil pay in a 1,250 foot gross hydrocarbon column of lower Miocene reservoir sandstones.

BHP Billiton Petroleum CEO Phil Aiken said: "We have drilled a successful appraisal well on one of our operated discoveries, and this well result, with excellent quality reservoirs that were appreciably thicker than those encountered in the first Shenzi well, has significantly extended the scale of the oil accumulation discovered by Shenzi-1.
"The discovery is located along the same geologic trend as our Mad Dog, Atlantis and Neptune fields, and whilst further appraisal drilling will be required to fully define the reserve size, we will be working with our partners to begin studying possible development options."

Following well logging operations and other data collection activities, the partners are planning to drill a sidetrack out of the existing well bore.
BHP Billiton is the designated operator at Shenzi and holds a 44 % interest in the field. Amerada Hess and BP each hold 28 % interest.

Source: MineBox
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