ExxonMobil, StatoilHydro make oil discovery in Gulf of Mexico

Jan. 8, 2008
ExxonMobil and StatoilHydro have made an oil discovery 265 miles southwest of New Orleans in the Gulf of Mexico.

By OGJ editors
HOUSTON, Jan. 8 -- ExxonMobil Corp. and StatoilHydro AS have made an oil discovery 265 miles southwest of New Orleans in the Gulf of Mexico. Drilled to a total depth of 9,500 m, the Julia discovery well lies in 2,000 m of water.

Partner StatoilHydro said further appraisal drilling is planned this year to determine the extent of the discovery. "This is a promising oil discovery," said Helen Butcher, StatoilHydro's exploration manager for deepwater Gulf of Mexico. "StatoilHydro is a major lease holder in Walker Ridge. This discovery supports our firm belief in this area," she added.

Julia is the first well drilled under a 2005 exploration agreement between StatoilHydro and ExxonMobil in deepwater gulf. StatoilHydro is participating in further developing two additional finds in the same area: Jack and St. Malo. Both are scheduled to come on stream after 2013.