Stone Energy hits oil pay at Cardona well (USA)

Stone Energy Corporation has announced success on the development segment of the deep water Cardona well at Mississippi Canyon 29. Stone operates and owns a 65% working interest in the well.

 

The Cardona well (MC 29 #4 well) encountered 84 feet of net oil pay in the development section of the well. The company is currently running casing to protect this zone while drilling the exploration section of the well. The Cardona success extends the productive zone of the Mississippi Canyon 29 TB-9 well to the adjacent fault block to the north. Plans are to flow the Cardona well to the Stone owned and operated Pompano platform with first production in early 2015. The current well is expected to complete drilling operations in March 2014.

Chairman, President and Chief Executive Officer David H. Welch stated, “The Cardona success is very exciting because it is expected to generate production and cash flow in early 2015, less than a year from drilling the well. The combination of the Cardona success with the recent Amethyst discovery should allow us to leverage our infrastructure position at our Pompano platform by significantly increasing production with minimal increase in cost.”

After drilling the Cardona well, the rig is scheduled to move to the Cardona South prospect (MC 29 #5 well), which currently has surface pipe set at 4,903 feet. The well will test the same development interval in the adjacent fault block to the south of the Mississippi Canyon 29 TB-9 well. Current plans for the Cardona South prospect do not include the drilling of an exploration tail. If successful, the Cardona South prospect would also flow to the Pompano platform. The Cardona South prospect is expected to reach total depth in the second quarter.

 

Press Release, February 25, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
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

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

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