Kosmos Energy discovers oil in Gulf of Mexico Tiberius exploration well

Kosmos Energy discovered oil in the US Gulf of Mexico at the Tiberius exploration well in about 7,500 ft of water and will undertake rock and fluid analysis to confirm the production potential of the reservoir.

The operator will work with partners on subsea development options. The discovery is about 6 miles southeast of the Occidental-operated Lucius SPAR production platform, enabling a short tie-back in the event of a development.

Tiberius was drilled to a total vertical depth of about 25,800 ft. The well tested a four-way structural trap in the outboard Wilcox trend in Keathley Canyon block 964 and encountered about 250 ft of net oil pay in the primary Wilcox target.

Wireline logging is complete, and casing is currently being run to the target depth to enable the well to be used as a future oil producer.

Kosmos is operator of the well (33.34%) with partners Occidental Petroleum Corp. (33.33%) and Equinor ASA (33.33%).