Newfield reports deepwater Gulf of Mexico discoveries

Newfield Exploration Co. reported two natural gas discoveries in the deepwater Gulf of Mexico: Pyrenees on Garden Banks Block 293 and Winter on Garden Banks Block 605.

By OGJ editors
HOUSTON, June 16
-- Newfield Exploration Co. reported two natural gas discoveries in the deepwater Gulf of Mexico: Pyrenees on Garden Banks Block 293 and Winter on Garden Banks Block 605.

Pyrenees, drilled in 2,100 ft of water, encountered 125 ft of net pay in three intervals. This could prove to be the company’s largest discovery, a Newfield spokesman said.

He described Pyrenees as a gas-condensate discovery. The well was temporarily abandoned pending development plans.

Delineation drilling is planned for the second half of this year. Newfield operates Pyrenees and holds 40% working interest. Partners include Stone Energy Corp. 15%, Ridgewood Energy Corp. 15%, Arena Exploration 15%, and Deep Gulf Energy 15%.

Winter, drilled in 3,400 ft of water, found 44 ft of net pay in two sands. The well was temporarily abandoned. Development options are being considered.

Newfield operates Winter and holds 30% working interest. Partners include Apache Corp. 25%, Deep Gulf Energy 25%, and Royal Offshore 20%.

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