Aspen well log shows positive results

Aug. 18, 2006
Nexen Inc., Calgary, said log analysis of its wholly owned and operated Aspen development well on Green Canyon Block 243 in the Gulf of Mexico indicates excellent quality reservoir sands, consistent with existing producing wells in Aspen field.

By OGJ editors
HOUSTON, Aug. 18 -- Nexen Inc., Calgary, said log analysis of its wholly owned and operated Aspen development well on Green Canyon Block 243 in the Gulf of Mexico indicates excellent quality reservoir sands, consistent with existing producing wells in Aspen field. The well is about 150 miles south of New Orleans.

The well, drilled to 20,691 ft in 3,150 ft of water, encountered 160 ft of net pay.

Nexen has begun completion operations and expects the well to come on stream during the fourth quarter. The well is expected to produce at an initial rate of 12,000-15,000 boe/d, primarily gas.

Nexen Pres. and Chief Executive Officer Charlie Fischer said, "Production from this well, followed shortly by new production from our Wrigley gas discovery, will significantly increase our volumes in the Gulf of Mexico."

Nexen is installing a production liner and evaluating tieback options for the Ringo gas well, which lies about 120 miles northeast of Aspen field (OGJ Online, Aug. 4, 2006).