Anadarko
expands Gulf of Mexico discovery; first production expected
in 2005
Posted: 02 June 2004
Anadarko Petroleum Corporation announced its K2 North No. 2 well
encountered a total of 165 feet of net oil pay. With the field's
oil-water contact still not established, this delineation well
increases the size of the K2 North discovery.
The K2 North field, located on Green Canyon Block 518 in the Gulf
of Mexico, is expected to begin production through the Marco Polo
platform in 2005. Anadarko has a 100 percent working interest in
the block.
"The K2 North field is an example of how Anadarko is building
its Gulf of Mexico deepwater program to be a core component of
the growth strategy," said Jim Hackett, Anadarko President
and CEO. "We have yet to determine the field limits, but the
delineation well extends the discovery significantly."
The well's bottom-hole location is located about one mile northwest
of Anadarko's K2 North No. 1 discovery, which was announced in
November 2003.
The No. 2 well was spudded in December 2003 in about 4,000 feet
of water and was drilled to a total depth of 29,180 feet. The semi-submersible
rig is remaining on location to further delineate the field.
"This well also has positive implications for the neighboring
K2 field, in which we hold a 52.5 percent interest," added
Hackett.
The K2 field will also be tied back to the Marco Polo platform
with first production expected in 2005. Anadarko is currently completing
the first of six pre-drilled development wells from its Marco Polo
field, which is on schedule for first production in July 2004.
Anadarko currently has access to 538 blocks in the Gulf of Mexico;
243 of those are in deepwater.
Anadarko Petroleum Corporation is one of the world's largest independent
oil and gas exploration and production companies. Anadarko's operational
focus extends from the Gulf of Mexico and prolific Texas, Louisiana
and Mid-Continent basins, up through the western U.S. and Canadian
Rockies and onto the North Slope of Alaska. Anadarko also has significant
production in Algeria, Venezuela and Qatar and is executing strategic
exploration programs in several other countries.
Fore more information see www.anadarko.com
Posted by Richard Price,
Editor Pipeline Magazine
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