The well, MC 29 No. 4, encountered 84 ft of net oil pay in its development section, and the company is currently running casing to protect the zone while drilling the exploration section of the well.
Cardona’s success extends the productive zone of the MC 29 TB-9 well to the adjacent fault block to the north.
Stone plans to flow the Cardona well to the company’s owned and operated Pompano platform, which it contracted from Ensco PLC last April, with production slated to begin in early 2015 (OGJ Online, Apr. 9, 2013). The current well is expected to complete drilling operations in March.
After drilling the Cardona well, the rig is scheduled to move to the Cardona South prospect (MC 29 No. 5), which currently has surface pipe set at 4,903 ft. The well will test the same development interval in the adjacent fault block to the south of the MC 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.
Stone is operator of the well with 65% working interest. The company acquired the stake from BP PLC in 2011 (OGJ Online, Nov. 21, 2011).