By OGJ editors
HOUSTON, Mar. 18 -- Hess Corp. reported the results of its Pony No. 2 appraisal well on Green Canyon Block 468 in the deepwater Gulf of Mexico.
The appraisal well was drilled about 1.5 miles northwest of the discovery well and reached a measured depth of 32,900 ft. The Pony No. 2 well encountered the objective target sands in a downdip position in the water leg. Following wireline evaluation and pressure data collection of the Pony No. 2 well, the objective is to sidetrack the well to the oil leg updip, Hess said.
"Based on the results to date of the Pony No. 2 well, the estimated range of gross recoverable resource on the Hess-owned portion of the structure has been narrowed to 100-500 million bbl from the previous estimated 100-600 million bbl," the company said.
Hess owns a 100% working interest in Pony, and is evaluating a range of development options for the discovery.
