Remington Oil & Gas Corp., Dallas, Tex., said Tuesday it has confirmed its discovery at Eugene Island Bock 397 in the Gulf of Mexico with its Green Canyon 48 No. 1 well.
The confirmation, in 472 ft of water, was directionally drilled to a measured depth of 10,370 ft from a surface location on Eugene Island Block 397 to a bottom hole location on Green Canyon Block 48.
Remington said logs and core analyses from the Green Canyon 48 well indicate more than 100 ft of apparent oil and gas pay in three intervals.
The well encountered the target sands 1.5 miles south and more than 1,100 ft structurally below the lowest known hydrocarbon-bearing sand logged in the discovery well on Eugene Island 397.
Development plans are underway for the area that includes both blocks and Green Canyon Block 4. Remington has a 37.5% interest in the field, which is operated by W&T Offshore Inc. with 50%. Magnum Hunter Resources Inc. owns 12.5%.
The Eugene Island 397 find was announced in September (OGJ Online, Sept. 29, 2000).