By OGJ editors
HOUSTON, Apr. 4 -- BP Exploration & Production Inc. has made an oil find at its Kodiak prospect on Mississippi Canyon Block 771 in the deepwater Gulf of Mexico about 60 miles southeast of Louisiana.
The Kodiak discovery well was drilled to a total depth of 31,150 ft in 5,000 ft of water. BP reported the well hit 500 net ft of hydrocarbon-bearing sands in Middle and Lower Miocene reservoirs. The well was drilled using Transocean's Deepwater Horizon semisubmersible drilling rig.
The well was deviated with a horizontal step-out of 7,400 ft. BP said further appraisal is needed to determine the size and commerciality of the find.
The Kodiak discovery well lies in the vicinity of BP's 2003 Tubular Bells discovery, the company said. The lease was acquired at federal OCS Lease Sale 182 in March 2002.
BP operates the well with a 63.75% stake. Its partners are Eni SPA 25% and Marubeni Oil & Gas (USA) Inc. 11.25%.
