Cobalt hits pay in Gulf of Mexico

Exploration and production company Cobalt International Energy has found oil in the North Platte #4 appraisal well, in the U.S. Gulf of Mexico. 

The company said on Wednesday it has completed drilling operations on the appraisal well and the preliminary results indicate that the well encountered approximately 650 feet of net oil pay, which is greater than the approximately 550 feet of net pay found in the North Platte #3 appraisal well.

The North Platte #4 initial appraisal results also indicate high quality Inboard Lower Tertiary Wilcox reservoirs on the eastern flank of the North Platte field.

Cobalt also said it is currently evaluating log data, fluid samples and pressure information and is preparing for a geologic sidetrack to further analyze the extent of the eastern flank of the field. The geologic sidetrack is expected to be completed in the first quarter, Cobalt added.

Timothy J. Cutt, Cobalt’s Chief Executive Officer said, “This well result is an important milestone in the appraisal of the full potential of the North Platte field. The confirmation of high quality reservoir on the large eastern flank of the field is encouraging.”

The well, spud in September 2016, was drilled with the Rowan Reliance drillship. Also in September, Cobalt terminated the contract for the drillship Rowan Reliance early, setting the end date for March 2017 instead of previously agreed date in February 2018.

Cobalt, as operator, owns a 60% working interest in North Platte, and Total E&P USA, Inc. owns the remaining 40% working interest.

Share this article

Follow Offshore Energy Today

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply