Pogo successfully drills exploratory wells in three regions

Nov 12, 2003 01:00 AM

Pogo Producing has successfully drilled exploratory wells in three different regions -- the Gulf of Mexico, South Texas and Thailand -- it was announced by Paul G. Van Wagenen, Chairman and CEO. Mr Van Wagenen noted, "Pogo's fourth quarter exploratory drilling program was among our most ambitious, and we have some very good results to report."
Pogo, the operator and 100 % owner, has drilled the Main Pass Block 68 No. 1 exploratory well to a depth of 7,300 feet subsea, discovering 68 feet of measured natural gas pay. The well is situated in only 28 feet of water, and is located on Louisiana State Lease No. 17824. A small caisson production facility will be ordered as soon as possible, and initial production is expected from this newly discovered Main Pass block by the third quarter of next year.

Also in the Gulf of Mexico, Pogo has a 25 % non-operating interest in an exploratory well drilled at Ship Shoal Block 52, where some 66 feet of gross hydrocarbon pay was encountered at a subsea depth beginning at 16,912 feet, and an additional 40 feet of gross pay was found at approximately 15,600 feet subsea. A flow test on the well yielded a calculated rate of 970 barrels of oil and 2.7 mm cfpd of natural gas on a 14/64-inch choke. The well is currently being completed and development alternatives are being reviewed by the partners.
An important exploratory well drilled by Pogo, as operator and 50 % owner, on Eugene Island Block 280 has successfully encountered 120 feet of gross natural gas column at a subsea depth of approximately 15,850 feet. Prompt development of this newly discovered natural gas field is now being planned. Elsewhere in the Gulf of Mexico, Pogo has plugged a 100 % owned and Pogo- operated unsuccessful exploration well drilled at Ewing Bank Block 830.

The Haynes No. 98 well in Pogo's approximately 70 % owned Zapata County, Texas, Los Mogotes field discovered natural gas and has been completed and tested at an initial gross production rate of 6.5 mm cfpd from the Wilcox Lower Asche sand, at 10,198 feet subsurface. Pogo will have drilled about two dozen wells at Los Mogotes field by the end of this year, and expects to drill a similar number of wells on that same field in 2004.
In Victoria County, Texas, the 65 % Pogo-owned Jank No. 1 exploratory well is flowing from the Wilcox "J" sand at a depth of 10,700 feet subsurface. The Jank well is producing at a rate of 7 mm cfpd and 136 bpd of oil. The need for one or more additional wells in the same area is now being evaluated.

The current round of exploratory drilling on Thailand Block B8/32 has yielded several successes. On recently granted Block 9A due east of Tantawan field, the Tantawan No. 23 well logged 162 feet of pay and the Tantawan No. 24 well found 98 feet of hydrocarbon pay. Development drilling of multiple fault blocks surrounding each of these two new areas will be scheduled for 2004.
The far north Maliwan field No. 10 well has logged some 72 feet of pay, while the far south Maliwan field No. 11 well found 107feet of hydrocarbon pay. These successful wells have significantly expanded the aerial reach of hydrocarbon productivity in the Maliwan field. Future platforms in each of these two new Maliwan field areas are now likely.
The Thailand drilling rig will now move to the already productive Maliwan "A" platform to begin batch-drilling six additional development wells, to be followed immediately by an eight well development drilling program at the newly installed Tantawan "H" platform. All of that development drilling is slated to be completed by the end of this year.

Pogo Producing explores for, develops and produces oil and natural gas. Headquartered in Houston, Pogo owns interests in 80 federal and state Gulf of Mexico lease blocks offshore from Louisiana and Texas. Pogo also owns approximately 685,000 gross leasehold acres in major oil and gas provinces in the United States, approximately 687,000 gross acres in the Gulf of Thailand, approximately 782,000 gross acres in Hungary, approximately 113,000 gross acres in the United Kingdom North Sea and approximately 81,000 gross acres in the Denmark North Sea.

Source: PRNewswire-FirstCall
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