Anadarko
drilling results at Atlas Prospect in Gulf of Mexico
Posted: 9 June 2003
Anadarko Petroleum Corporation has discovered natural gas at its
Atlas prospect in the Eastern Gulf of Mexico.
The discovery well is located on Lloyd Ridge Block 50, about 175
miles southeast of New Orleans.
The well was spudded in May in nearly 9,000 feet of water using
Transocean's Deepwater Millennium drillship.
It was drilled to the target depth of 19,800 feet and encountered
180 feet of gross pay, portions of which are thin-bedded reservoirs.
Operations were suspended due to strong seasonal water currents,
but the company intends to resume drilling at Atlas this fall with
a sidetrack wellbore to obtain conventional core samples, which
will help determine reservoir quality.
To date, Anadarko has made two discoveries — Atlas and Jubilee
— out of three wildcat wells drilled in its Eastern Gulf of
Mexico program.
Both discoveries will need to be part of a larger development project
in order to be commercially developed.
The company plans to drill two more exploration prospects in the
Eastern Gulf later this year.
The Atlas well reached total depth in 21 days, and expected total
well costs are $13 million to $14 million — well under budget.
Anadarko holds a 100 per cent interest in the Atlas discovery.
The company currently holds a total of 374 leases in the Gulf with
165 located in deep water. It also holds options to earn working
interests in an additional 122 blocks.
Within the overall Eastern Gulf, Anadarko has a 100 per cent interest
in 38 blocks.
Anadarko Petroleum Corporation is one of the world's largest independent
oil and gas exploration and production companies. Houston-based
Anadarko is active in the U.S., Canada, Algeria, Venezuela and Qatar
and is executing strategic exploration programs in several other
countries.
For more information see www.anadarko.com.
Posted by Richard Price,
Editor Pipeline Magazine
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