Oil starts flowing at Stone Energy’s Cardona project

Stone Energy, a U.S. oil company, has said that its Cardona deep water development project initial production testing started in late November and the two wells (Cardona #4 and #5) have been tested and will be closely monitored with flow rates ramping up over a four week period.

The wells are expected to reach a combined gross production volume of 12,000 barrels of oil equivalent per day during this period. The Cardona wells (65% working interest) are flowing to the Stone owned (100% w.i.) and operated Pompano platform, where no incremental net operating expense is expected. The Cardona subsea facility allows for the tie-in of two additional wells, which are currently scheduled to be the Cardona #6 and #7 wells projected to be drilled in 2015.

“We are excited to announce that the Cardona deep water development project came online in November, ahead of its sanctioned schedule and under budget. The successful execution of the Cardona project is an important milestone for Stone Energy as it is projected to bring significant production and cash flow to the company. Our team was able to commence production on this deep water project less than one year after the first well commenced drilling, which is a best-in-class timetable,” Stone Energy said.

“The planning, preparation and successful start-up on the Cardona project demonstrates our deep water development capabilities. We hope to build on this success as we initiate our multi-year deep water drilling program in mid-2015, which we expect will feature both development and exploration drilling,”  the company said in a statement.

Separately, the Madison exploration well (Mississippi Canyon 479) spud in late October of 2014 and is expected to be at the targeted depth in early 2015. Stone currently controls a 40% working interest in the prospect, which is operated by Noble Energy. Additionally, drilling at both the Vernaccia prospect (32% w.i. – Mississippi Canyon 34/35) and the Harrier prospect (37% w.i. – Mississippi Canyon 118) is projected for the first quarter of 2015.

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 3 4 5

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