Eni makes oil discovery in deepwater Gulf of Mexico

Feb. 22, 2005
Eni SPA reported an oil discovery on Green Canyon Block 298 in deep water, 260 km south of New Orleans. The Allegheny South exploration well was drilled to 4,870 m TD in 1,000 m of water.

By OGJ editors

HOUSTON, Feb. 21 -- Eni SPA reported an oil discovery on Green Canyon Block 298 in deep water, 260 km south of New Orleans. The Allegheny South exploration well was drilled to 4,870 m TD in 1,000 m of water.

Eni's Agip Petroleum Co. is the current operator of both Allegheny field and Allegheny South, holding 100% working interest in the block. Eni estimated reserves at 20 million boe but gave no details on production test results.

The positive well results and the well's proximity to Allegheny field, which produces from a monocolumn or "mini tension leg platform," will make production start-up possible in 2005, the major said.