By OGJ editors
HOUSTON, Jan. 4 -- Chevron Corp. has made a deepwater oil discovery at the Big Foot prospect on Walker Ridge Block 29, about 225 miles south of New Orleans in Gulf of Mexico.
The discovery well, in 5,000 ft of water, was drilled to a TD of 25,127 ft. It encountered 300 ft or more of net oil pay. A sidetrack is being drilled to delineate the discovery.
The Big Foot well comes shortly after the Knotty Head discovery well, which indicated 600 ft of net oil pay in multiple zones (OGJ Online, Dec. 21, 2005). Both wells were drilled through the Miocene Foldbelt trend.
Chevron plans to drill five delineation and exploration wells during the first quarter in the deepwater Gulf of Mexico, which will be "a major piece of our overall growth plan in the coming years," Chevron said.
Chevron operates the block with a 60% interest. Anadarko holds a 15% interest along with Plains Exploration & Production Co. and Shell Exploration & Production with 12.5% each.
