Oil and gas company Byron Energy expects to reach total depth at the SM 71 F3 development well in the Gulf of Mexico by early February.
The SM 71 F3 well is located in the South Marsh Island 71 (SM 71) lease in the U.S. Gulf Of Mexico. The lease is operated by Byron with a 50% working interest and a 40.625% net revenue interest. Otto Energy holds the remaining interest in SM 71.
The development well was spud earlier in January, using the Ensco 68 jack-up drilling rig.
According to Byron’s update on Monday, the SM 71 F3 well was drilled to a depth of 3,539 feet Measured Depth (MD) on January 15, 2018, and 10 3/4 inch casing was set and cemented in place.
As of 4:00 PM USA Central Time, January 21, 2018, the SM 71 F3 well is drilling ahead at 4,969 feet MD in 9 7/8 inch hole. It is anticipated that the well will be drilled to total depth and evaluated by early February, the operator said.
The SM71 F3 development well is being drilled to a planned total depth of 7,624 ft/2,324 meters MD, equivalent to 7,423 ft/2,263 meters true vertical depth (TVD). Completion operations on all three SM 71 wells, F1, F2 and F3, will start sequentially once drilling of the F3 is finished.
The SM71 F3 well is designed to intersect the D5 Sand very near the point that the F2 well intersected the D5 Sand which logged 117 feet of True Vertical Thickness (TVT) oil pay. The F3 well will provide a second take point in the D5 Sand reservoir in addition to the F1 well which logged 91 ft TVT oil pay in 2016.