Garden Banks block gets second discovery

Helix Energy Solutions said its Energy Resource Technology subsidiary made a second deepwater discovery on Garden Banks Block 506 in the Gulf of Mexico.

Jul 17th, 2007

By OGJ editors
HOUSTON, July 17 -- Helix Energy Solutions, Houston, said its Energy Resource Technology GOM subsidiary made a second deepwater discovery on Garden Banks Block 506 in the Gulf of Mexico 145 miles southeast of Galveston, Tex.

Wireline logs and repeat formation tests at the Danny exploratory well indicated high quality oil in a single sand body with an estimated 8.3 million bbl recoverable.

Helix, which acquired properties from Remington Oil & Gas Corp. in 2006, plans to develop Danny in conjunction with its Noonan discovery, declared commercial and about twice the size of Danny.

Both discoveries, in 2,700 ft of water on the 100% owned block, are to be tied back to the 100% owned East Cameron 381 platform 31 miles north in 370 ft of water. Production is to start in the second half of 2008.

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