Anadarko announces deepwater Gulf of Mexico discovery
Posted: 17 November 2003
- Significantly Extends the Boundaries of K2 Field
- Production Will Be Fast Tracked Through a Tie-Back to New Marco
Polo Platform
Anadarko Petroleum Corporation announced a deepwater discovery
in the Gulf of Mexico on Green Canyon Block 518 where Anadarko holds
a 100 percent interest.
The Green Canyon 518 No.1 well was spudded in July 2003 in about
4,000 feet of water and encountered a total of 128 feet of net oil
pay in the same pay zone present at Anadarko's K2 discovery. The
well was drilled to a total depth of more than 26,700 feet and is
the deepest offshore well drilled in Anadarko's history.
The company plans to immediately drill another well on Green Canyon
Block 518 to further delineate the field.
The successful deepwater subsalt exploratory well, located about
150 miles south of New Orleans and just north of K2, is expected
to come on-line as early as 2005 through a sub-sea tieback to the
Marco Polo platform. Offshore installation of the Marco Polo tension-leg
platform (TLP) is underway with first production scheduled for March
or early April 2004.
"Anadarko's Green Canyon discovery is exciting because it
significantly extends the boundaries of the K2 field northward,"
said Mark Pease, Vice President, U.S. Onshore and Offshore. "We'll
be able to book proved reserves this year for the 518 No. 1 well,
and this discovery opens up even more reserve potential on the block.
This additional potential will be defined through further drilling.
And, we have other prospects in the area, including Genghis Khan,
another 100 percent Anadarko prospect that could be drilled early
next year.
"Anadarko discovered the Marco Polo field in 2000. Since then,
we've entered into an innovative partnership to build a facility
capable of handling production from Marco Polo and other discoveries
in the region. By going back through Marco Polo, Green Canyon 518
will come on production much sooner with stronger economics than
using a more traditional development strategy," Pease added.
Anadarko and its partners have drilled three successful wells in
the K2 field on the southern adjacent block, Green Canyon Block
562. Anadarko holds a 52.5 percent working interest in that project.
Anadarko currently has access to 552 blocks in the Gulf of Mexico;
299 of those are in deepwater.
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, Qatar and Venezuela
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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