US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos.
Anadarko said the two finds highlighted the value of its deepwater Gulf of Mexico tieback and exploration program.
The Warrior exploration well, about 3mi from the Anadarko-operated K2 field, in Green Canyon Block 563, encountered more than 210ft (64m) of net oil pay in multiple high-quality Miocene-aged reservoirs, after reaching a total depth of 26,957ft in 4144ft water depth. Warrior is expected to be tied back to Anadarko's Marco Polo production facility.
More than 90ft of net high-quality oil pay in a Pliocene-aged reservoir similar to the nearby Lucius field was found in the ongoing Phobos appraisal well, which is about 12mi south of Anadarko's Lucius facility. The find will be evaluated for tieback to the Lucius facility. Meanwhile, drilling is ongoing toward the primary objective in the Wilcox formation. Anadarko has 100% interest at Phobos.
Production operations
At the Heidelberg field, Anadarko is drilling its fifth production well, which encountered more 150ft net oil pay to date. The well will be completed following drilling operations and is expected to be brought online early next year.
The deal with Freeport doubles Anadarko's ownership in the Lucius development to approximately 49%. It also doubles the firm's Gulf of Mexico production to more than 160,000 boe/d, net, and adds three operated deepwater facilities, bringing Anadarko's total operated facilities to ten.
Read more
Subscribe
