By OGJ editors
HOUSTON, Nov. 9 -- The joint venture of McMoRan Exploration Co., New Orleans, and Palace Exploration Co., New York, reported a discovery with its Deep Tern well on Eugene Island Block 193 in the Gulf of Mexico (OGJ Online, Oct. 19, 2004).
Wireline logs confirmed that Deep Tern, drilled to 20,731 TMD, encountered five sands with a total gross interval of 340 ft, including 170 ft of new pay below 19,165 ft not previously announced. The well is being prepared for completion in Miocene sands and is expected to be producing by yearend from McMoRan's existing Block 193 facilities, McMoRan said.