Operators have made two significant hydrocarbon finds in the deepwater Gulf of Mexico.
Vastar Resources Inc., Houston, and Elf Aquitaine's U.S. unit Elf Exploration Inc. last week disclosed the separate strikes, both in the gulf's Mississippi Canyon area.
Partners involved in both discoveries call their respective finds "significant."
Vastar made an oil discovery on the deepwater Mirage prospect on Mississippi Canyon Block 941. The well was drilled to a measured depth of 16,600 ft in 3,927 ft of water about 80 miles south-southeast of Venice, La.
The well cut about 300 ft of net oil pay in five intervals and is the deepest well yet to be dri...