Equinor and co-venturers Progress Resources USA Ltd and Repsol E&P USA Inc. have encountered oil within the Monument exploration nicely within the US Gulf of Mexico.
The Monument exploration nicely discovered roughly 200 toes of internet oil pay with good reservoir traits in Paleogene sandstone.
This gives an early indication of the productive reservoir interval on the nicely location. The nicely was drilled to a complete depth of 33,348 toes (10,164 metres) utilizing the Pacific Khamsin rig.
“We are happy to have proved an accumulation of movable hydrocarbons within the Monument exploration nicely. However, figuring out the complete potential of the invention would require additional appraisal drilling,” mentioned Bjørn Inge Braathen, senior vice chairman of Exploration in North America.
The Monument exploration nicely is positioned within the central US Gulf of Mexico. It is operated by Equinor (50%) with companions Progress Resources USA Ltd (30%) and Repsol E&P USA Inc. (20%).
Monument is Equinor’s first operated exploration nicely within the US Gulf of Mexico since 2015.
(Source and picture: Equinor – Drillship within the US Gulf of Mexico)
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