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December 15, 2015

W&T Offshore discovers deepwater hydrocarbon reserve in Gulf of Mexico

W&T Offshore has discovered a significant hydrocarbon reserve at the Ewing Banks 954 A-8 exploratory well in the Gulf of Mexico.

W&T Offshore has discovered a significant hydrocarbon reserve at the Ewing Banks 954 A-8 exploratory well in the Gulf of Mexico.

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The well represents the second discovery in a two-well drilling programme from the EW 910 platform.

A previous discovery was made at the ST 320 A-5 well in May 2015 and was also drilled from the same platform.

EW 910 platform is operated by W&T Offshore with a 50% working interest.

"The high-quality pay sands found in the A-8 well should allow for higher reserve recovery."

W&T Offshore noted that the well penetrated a total of 150ft of measured depth hydrocarbon pay contained in two sands.

W&T Offshore chairman and CEO Tracy Krohn said: "We are especially pleased with the high-quality pay sands found in the A-8 well, which should allow for higher reserve recovery.

"This discovery also helps de-risk several additional opportunities we have identified as part of our future plans to drill and develop the area."

Completion operations are going on at present, with a planned two-zone completion.

First production from the well is expected during the first quarter of 2016 after completing facility tie-in.

The company anticipates to produce at a gross rate of about 2,300boe per day from the two zones.

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Free Report
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Carbon Capture, Utilization, and Storage set to play key role in reducing global emissions

Carbon Capture, Utilization, and Storage (CCUS) has emerged as one of the key technologies set to reduce carbon emissions, proving especially useful in projects where eliminating all process emissions is not possible  As a result, Oil & Gas companies are investing in CCUS projects as part of ongoing strategies to reduce their emission footprint and boost sustainability efforts.   Our recent report, CCUS Strategies in Oil and Gas, reveals that the energy sector accounts for approximately three-quarters of total greenhouse gas emissions and has a key role to play in reducing global warming over the coming decades.   Our report will help you:  
  • Understand CCUS and its importance in reducing global emissions 
  • Analyze CCUS plant trends 
  • Gain insight from leaders in the Oil & Gas industry on implementation of CCUS projects 
Download the report now to get ahead of this trend and make strategic investments.  
by GlobalData
Enter your details here to receive your free Report.

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