Norwegian Equinor and co-venturers Progress Resources USA Ltd and Repsol E&P USA Inc. have encountered oil in the Monument exploration well in the US Gulf of Mexico.
The Newly Found Well
The Monument exploration well found approximately 60 metres (200 feet) of net oil pay with good reservoir characteristics in Paleogene sandstone.
This provides an early indication of the productive reservoir interval at the well location. The well was drilled to a total depth of 10 164 metres (33 348 feet) using the Pacific Khamsin rig.
Bjørn Inge Braathen, senior Vice President of Exploration in North America. (Photo: Ole Jørgen Bratland)
“We are pleased to have proved an accumulation of movable hydrocarbons in the Monument exploration well,” said Bjørn Inge Braathen, Senior Vice President of Exploration in North America.
Well aware that more work needs to be done Braathen added: “However, determining the full potential of the discovery will require further appraisal drilling,”
Equinor and Their Partners
The Monument exploration well is located in the central US Gulf of Mexico. It is operated by Equinor who owns 50 percent. 30 percent is owned by their partners, Progress Resources USA Ltd, and Repsol E&P USA Inc. own 20 percent.
Monument is Equinor’s first operated exploration well in the US Gulf of Mexico since 2015.
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