Newfield reports deepwater Gulf of Mexico discoveries
Newfield Exploration reported two natural gas discoveries in the deepwater Gulf of Mexico: Pyrenees on Garden Banks
Block 293 and Winter on Garden Banks Block 605.
Pyrenees, drilled in 2,100 ft of water, encountered 125 ft of net pay in three intervals. This could prove to be the
company's largest discovery, a Newfield spokesman said. He described Pyrenees as a gas-condensate discovery. The well
was temporarily abandoned pending development plans.
Delineation drilling is planned for the second half of this year. Newfield operates Pyrenees and holds 40 % working
interest. Partners include Stone Energy 15 %, Ridgewood Energy 15 %, Arena Exploration 15 %, and Deep Gulf Energy 15
%.
Winter, drilled in 3,400 ft of water, found 44 ft of net pay in two sands. The well was temporarily abandoned.
Development options are being considered.
Newfield operates Winter and holds 30 % working interest.
Partners include Apache 25 %, Deep Gulf Energy 25 %, and Royal Offshore 20 %.
